Bulls may lose vigour near 26,000; support at 25,200: Analysts

Analysts project that the Nifty index will trade within a range this week, with significant support identified at 25,200 and resistance around 25,650 to 26,000. The market's current state reflects ongoing geopolitical uncertainties, making it critical for traders to monitor these thresholds closely. While the index has maintained the psychological barrier of 25,000, a decisive breakout above 25,900 could indicate a potential upward trend towards 26,200–26,400. Conversely, a fall below 25,300 could signal further weakness. Trading strategies suggest a moderately bullish approach, recommending a 'Bull Call Spread' for the upcoming March 2 expiry. Specific stock recommendations for the week include Bajaj Finance, which is showing promising signs after a breakout, and Dixon Technologies, which may rally further if it surpasses Rs 11,900. Overall, the market's breadth is improving, with a significant portion of Nifty 500 stocks trading above their 50-day simple moving averages, hinting at a broader rally despite recent corrections.