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India’s Nifty Support Zone Moves Up as Benchmarks Near Lifetimes Highs
Nifty’s support zone rises to 25,900-26,000 as index nears lifetime highs; strategists favour cautious buying.
Analysts at Bajaj Broking Research say the Nifty 50 index has shifted its key support to the 25,900-26,000 range after recently closing above the 26,000 mark, edging closer towards its all-time high of 26,277.
The report cautions that any decisive break above this peak could trigger a run toward 26,500. They recommend a “buy on dips” strategy but emphasise selective stock picking amid elevated valuations.