Nifty index opened with a gap-up above its key hurdle of the 26100 zone, and bulls successfully defended this level throughout the session. The index inched up gradually through the day and went on to hit an intraday high of 26246, coming just 31 points short of its lifetime high of 26277. With today’s move, Nifty delivered a decisive range breakout on the daily chart and also registered its highest daily close ever. The index formed a bullish candle and continues to display a sequence of higher highs over the past few sessions, signaling sustained strength and positive momentum. Now it has to hold above 26100 zones for an up move towards 26277 then 26350 zones while supports are shifting higher at 26100 then 26000 zones.

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On option front, Maximum Call OI is at 26500 then 262

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