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Nifty may retest recent swing high of 26100 say analysts
Analysts expect the Nifty 50 to test 26,100 soon, with key support at 25,700-25,650 playing a crucial role.
The Nifty 50 closed Monday at approximately 25,763, and analysts at brokerages such as Kotak Securities and HDFC Securities believe the index may soon retest its recent swing high near 26,100. Immediate support is seen around 25,700-25,650, while a break below 25,550 could weaken the uptrend. The commentary comes amid mixed global cues and a stable domestic earnings backdrop, with broader participation still missing. Traders are watching for breakout confirmation and sector leadership for the next leg up.