Nifty Extends Rally Above 25800
By Prime Research | Updated at: Feb 9, 2026 05:08 PM IST
Open Free Demat Account
Nifty witnessed a sharp up move on the back of strong global cues on Monday and closed the day higher by 173 points. After opening with an upside gap of 194 points, the market shifted into a consolidation with positive bias for better part of the session. The opening upside gap has been filled partially.
A small red candle was formed on the daily chart with gap up opening. After a massive rally and a consolidation in the early part of February, the market bounced back smartly and sustained above the hurdle of 25800 levels. The opening upside gap of 3rd Feb is still open partially and that has been added with Monday’s up gap. This is positive indication and signals a formation of bullish runaway gap, which are normally formed in the middle of uptrend.
The underlying trend of Nifty remains positive. The next upside levels to be watched around 26000 and 26350 in the near term. Immediate support is placed at 25700.
Disclaimer
At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please Note: The information shared is intended solely for informational purposes and does not make any investment recommendations
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please Note: The information shared is intended solely for informational purposes and does not make any investment recommendations
