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The options landscape shows heavy Put writing at 25,000, establishing it as a strong support. On the upside, 26,000–26,200 Calls saw aggressive writing, marking it a key resistance zone. Immediate support lies at 25,200; a breakout above 25,800 could trigger a sharp short-covering move towards 26,300

Nifty has broken out from a long consolidation phase and continues to trade in a higher-high, higher-low structure. Backed by strong weekly bullish candles, the index holds above both its 10- and 20-week EMAs, with RSI on the weekly chart sustaining above 60

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The options landscape shows heavy Put writing at 25,000, establishing it as a strong support. On the upside, 26,000–26,200 Calls saw aggressive writing, marking it a key resistance zone. Immediate support lies at 25,200; a breakout above 25,800 could trigger a sharp short-covering move towards 26,300 Nifty has broken out from a long consolidation phase and continues to trade in a higher-high, higher-low structure. Backed by strong weekly bullish candles, the index holds above both its 10- and 20-week EMAs, with RSI on the weekly chart sustaining above 60 #Nifty, #OptionsTrading, #PutWriting, #CallWriting, #SupportAndResistance, #TechnicalAnalysis, #ShortCovering, #Breakout, #HigherHighHigherLow, #BullishTrend, #StockMarket, #EquityMarkets, #IndianStockMarket, #NSE, #MarketMomentum, #TradingStrategy, #EMA, #RSI, #ChartPatterns, #Derivatives, #MarketOutlook, #StockMarketUpdate, #FuturesAndOptions, #TechnicalBreakout, #FinancialMarkets
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