Mkt breadth remains firm, positive

Motilal Oswal Team MUMBAI

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Nifty index opened gap up by 70 points and escalated right from the start of the session. It moved in a clean northward direction displaying strong momentum.

It crossed the high that it had made 72 sessions back and went on to touch 25625 marks towards the end. Bulls remained in control with defending seen at any dips and it finally closed with gains of around 260 points and gave the highest daily close of the last 75 sessions. It formed a big bullish candle on daily frame and has been making higher highs from the last three sessions. Now it has to hold above 25500 zones for an up move towards 25700 then 25850 zones while supports have shifted higher to 25450 then 25350 zones.