Nifty Needs To Hold 26100 For Market Rise

• Nifty opened positively but lacked momentum, trading in a tight 80-point range.
• Index formed small body candle, making higher highs and lows in two sessions.
• Needs to hold 26100 for 26250/26325 target; support at 26050/25950 zones.

Nifty index opened positive and inched towards 26200 zones but failed to hold momentum and moved in a narrow range of around 80 points for the rest of the day. The index moved in a rather lackluster manner

with subdued moves on either sides. It formed a small bodied candle on the daily frame and has started to make higher highs – higher lows from the last two sessions. Now it has to hold above 26100 zones for an up move towards 26250 and 26325 zones while supports can be seen at 26050 then 25950 zones.