Nifty Extends Rally Above 25800

Authored By Prime Research | Last Modified: Feb 9, 2026 05:08 PM IST

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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 3^rd 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.

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