Nifty Holds Steady Above 26K with Bulls on Command

Nifty Sustains Above 26,000; Bulls Maintain Momentum

The Nifty index ended the session on a strong note at 26,053.90, gaining 0.45%, as bulls retained firm control. The index comfortably closed above the previous session’s high, signaling continued buying interest and resilience near its all-time high zone.

Nifty opened positive and held its gains throughout the day, forming a bullish daily candle. The slope of the rising 9-day EMA continues to point upward, indicating a steady uptrend and strong internal momentum.

Technical Setup: Momentum Remains in Favor of Bulls

The index has reclaimed the upper band of the Donchian channel, suggesting that price action remains within a bullish breakout zone. Momentum oscillators continue to confirm strength:

• RSI holds firm around 72, indicating strong momentum without overbought exhaustion.
  
  
• MACD remains positively aligned, reinforcing the ongoing bullish setup.
  
  

Support levels:

• Immediate: 25,950–25,920
  
  
• Secondary: 25,850
  
  

Resistance levels:

• Immediate: 26,180–26,200
  
  
• Key breakout level: 26,277.35 (all-time high)
  
  

A close above 26,200 could propel the index beyond its previous record, potentially leading to new lifetime highs. With price comfortably trending above short-term moving averages, the “buy-on-dips” strategy remains favored for the next trading session.

Bank Nifty Extends Gains; Nears All-Time High

The Nifty Bank index also ended the session higher, gaining 0.29% to close at 58,385.25, extending its recent uptrend. The index opened firm and sustained strength through the day, forming another bullish candle on the daily chart.

On the hourly charts, the index continues to respect its rising trendline, maintaining a clean higher-high, higher-low formation.

• The index remains above its short-term moving averages, with a widening gap, reflecting sustained momentum.
  
  
• The upper Bollinger Band is expanding, confirming room for further upside.
  
  
• RSI hovers around 74, indicating persistent bullish momentum.
  
  
• MACD stays comfortably positive, aligning with the prevailing uptrend.
  
  

Support levels:

• Primary: 57,950–57,800
  
  

Resistance levels:

• Key hurdle: 58,577.50 (all-time high)
  
  

A breakout above this level could drive the index into uncharted territory, with traders expected to maintain a buy-on-dips approach amid strong undertones.

Market Outlook: Bulls Continue to Dominate

The overall setup across major indices indicates that bulls remain in control, with both Nifty and Bank Nifty maintaining their upward trajectories. The broader market structure stays supportive, backed by strong momentum, healthy breadth, and consistent follow-through buying.

For traders, the immediate focus should be on maintaining long positions above support zones while keeping a close watch on resistance breakout levels.

• Sustained strength above 26,000 keeps the Nifty’s bias positive.
  
  
• Bank Nifty’s move toward its all-time high could reinforce sectoral leadership.
  
  

As long as key supports hold, the market tone is likely to remain bullish, with fresh breakouts on the horizon.

Key Takeaways

✅ Nifty holds firm above 26,000, gaining 0.45%
✅ Bank Nifty nears all-time high at 58,577.50
✅ RSI and MACD confirm strong bullish momentum
✅ Both indices maintain higher-high, higher-low structures
✅ Buy-on-dips strategy remains favored for short-term traders

Conclusion:
The market continues to display remarkable resilience, with bulls dictating the trend. As long as Nifty sustains above 25,950 and Bank Nifty holds above 57,800, the uptrend remains firmly intact. A decisive move above 26,200 (Nifty) and 58,577 (Bank Nifty) could open doors to new record highs, strengthening the bullish narrative for the sessions ahead.