Undertone upbeat, Sensex climbs 1,022 pts

Nifty opened on a negative note around the 25850 zone, but bulls took control from the very first tick.

- Motilal Oswal Team

Sustained buying emerged throughout the session as the index rallied more than 350 points from the day’s low, reflecting strong demand at lower levels. After witnessing a corrective phase over the last three sessions, today’s sharp rebound helped the bulls recover all those losses in a single session. The index also surpassed key hurdles smoothly and closed near the day’s high around the 26200 zone, showcasing the strength of the intraday momentum. The December series has begun on a strong footing, with Nifty negating the recent sequence of lower lows on the daily chart and forming a bullish Marubozu candle. Now it has to hold above 26100 zones for a momentum to extend towards 26277 and then 26400 zones while supports are shifting h