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Yesterday, NIFTY opened on a strong note and quickly crossed the 25,300 mark in early trade. For most of the session, it traded firm within a narrow band of 25,290–25,340, reflecting consolidation after the recent upmove. Eventually, the index closed at 25,330, maintaining its positive momentum.

On the daily chart, NIFTY continues to form higher tops and higher bottoms, which is a sign of a sustained uptrend. The index has already given a breakout from an Inverse Head & Shoulders pattern last week, and the structure remains supportive of further upside.

We maintain a bullish view, with short-term targets placed at 25,400 and 25,650. A move beyond 25,650 could open the gates for even higher levels in the medium term.

On the downside, the support range has shifted upward in line with the ongoing rally. The 25,200–25,100 zone is now a strong support area, backed by key moving averages. As long as NIFTY trades above this zone, the trend remains intact and long positions can be held with a stop-loss below 25,100.