Upward momentum signals positive picture

The Nifty 50 staged a strong rebound after a brief profit-booking phase, once again facing resistance near the 25,200 level for the third consecutive session on October 9 — reaffirming this zone’s significance for a potential breakout toward 25,350— 25,450.

- Motilal Oswal Team

A sustained move above this barrier could mark the beginning of a new upward leg.

Holding above the key 25,000 support, which aligns with the Bollinger Bands’ midline, keeps the broader bias firmly bullish for the near term. Following early volatility, the index regained momentum and climbed to an intraday high of 25,199, ending 136 points (0.54 percent) higher at 25,182 while closing above the previous swing high of 25,154.