Team Sahi
Nifty opened on a firm note above the 26,000 mark and has been consolidating close to the day’s high, indicating healthy acceptance at higher levels. On the upside, the 26,180–26,200 zone is emerging as the immediate resistance area, where some supply could come into play.
In the derivatives segment, Nifty futures open interest stands at 2.39 lakh contracts, up 0.62%, suggesting fresh positioning is being built as the index holds above key psychological levels.
The option chain reflects a supportive structure. Strong put additions are visible at the 26,100 and 26,000 strikes, indicating growing buying confidence and downside protection. On the call side, continued call writing at 26,200 highlights this level as a key overhead resistance. The PCR at 1.44 along with implied volatility near 10.2% suggests a bullish-to-range-bound setup with controlled volatility.
Support: 26,050
Resistance: 26,180
Holding above support keeps the short-term structure intact, while the resistance zone remains the immediate hurdle for further upside.
Nifty is sustaining comfortably above the 26,000 mark, turning the 26,000–26,050 zone into a clear demand pocket as polarity comes into play. However, the 26,180–26,200 band continues to act as a supply zone where some resistance could be felt. For now, the index appears to be trading within a well-defined intraday range.
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