The Nifty 50 rebounded sharply after a day’s pause, climbing above the psychological 26,000 mark with a gain of more than half a percent on November 19, making a strong start to the monthly F&O expiry week. The index inched closer to the October high of 26,100 and appears to be progressing toward another attempt to reclaim this level, which experts believe is possible given the favourable technical and momentum indicators.

According to analysts, if the index manages to reclaim and sustain above 26,100, the 26,300 level (near the record high) will be the next key level to watch on the upside. Until then, rangebound movement is expected to continue, with support seen at 25,900–25,800.

The Nifty 50 gained strength after an initial hour of volatility and moved higher as the day progressed. T

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