Nifty 50 continued its impressive streak, maintaining gains for the 13th consecutive session and reaching a new record high on September 2.
The index opened at 25,333.60, but closed slightly lower at 25,279, forming a bearish candlestick pattern. Experts suggest that the Nifty must sustain above 25,300 to push towards the 25,400-25,500 zone. However, heavy Call writing at 25,300 could limit further gains. On the downside, 25,000 is seen as strong support due to significant Put writing. The trend may remain sideways to negative if it stays below 25,300.