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Stock Market Today: Indian equities continued to trade higher on Monday, supported by strong buying across sectors. At 3 PM, the Sensex was up 547.33 points, or 0.65 per cent, at 84,759.21, while the Nifty gained 163.30 points, or 0.63 per cent, to trade at 25,958.45.

Zee Business Managing Editor Anil Singhvi said the market’s strength is likely to sustain till the end of the session, aided by steady inflows from FIIs and DIIs and positive global cues.

According to Singhvi, the overall sentiment remains upbeat, with expectations of a trade deal boosting confidence. Corporate earnings have also been largely positive, with no major negative surprises. After mild profit-booking over the last three sessions, the market has turned lighter, raising hopes of a positive close today.

Singhvi highlighted that 26,000 is a significant psychological barrier for Nifty. With heavy call writing seen at this level ahead of the monthly expiry, breaking past 26,000 could be difficult in the short term. Data shows an open interest of 2.15 crore shares at the 26,000 call strike.

For Bank Nifty, Singhvi identified 58,000 as the key level to watch. Both call and put options have the highest open interest at this strike, making it a crucial make-or-break zone. He said the index is likely to close around 58,000 or slightly above it.

For further gains, Singhvi said Nifty must close above 24,950 and Bank Nifty above 58,250. However, a close below 25,700 for Nifty or 57,500 for Bank Nifty could trigger higher downside risk.

He added that Nifty has strong support between 25,825 and 25,900. In the broader market, investors should focus on mid and small-cap stocks where results have been strong or where earnings are expected to surprise positively.

Abhay Shukla is a Senior Sub-Editor at Zee Business, where he covers the stock markets, corporate news, personal finance, technology, and auto sectors.

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