Nifty opened on a flattish note and after initial volatile swings, bulls took charge and showcased their dominance throughout the day. Sustained buying was visible as every small decline was quickly bought into. The index witnessed a strong recovery of more than 200 points from the day’s low of 25856. Nifty crossed and sustained above the key hurdle of the 26000 mark and even managed a close above the same. On the daily chart, it formed a bullish candle and is now on the verge of a fresh breakout above the 26100 zone. However, with this being the monthly expiry week, volatile swings may be seen, but the overall bias remains positive. Now it has to hold above 26000 zones for an up move towards 26150 then 26277 zones while supports can be seen at 25900 then 25800 zones.

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