Relief Rally Roars: Nifty and Bank Nifty Surge After Ceasefire Boost

 After weeks of choppy trade and uncertainty, markets finally got the trigger they were waiting for — and the rally did not disappoint.

🔼 Nifty closed at 24924, up 3.82%
🔼 Bank Nifty closed at 56180, up 3.34%

Ceasefire news at the border, combined with supportive global cues like US-China tariff relief, powered a strong gap-up opening that extended all day.

NIFTY ANALYSIS

Nifty opened with a gap and never looked back. Strong intraday momentum and short covering drove the index near the 25000 mark — reclaiming lost ground rapidly.

Image from Sensibull

• PCR: 0.97 around ATM, 1.2 overall → Bullish sentiment

• OI Change (Nifty Futures): -0.77% → Short Covering

Key Levels:

• 📉 Support: 24600

• 📈 Resistance: 25200–25300

Market View:
The index is clearly showing strength, but caution is needed near 25000–25200 — where some profit-taking could emerge. Trend remains bullish above 24600.

BANK NIFTY ANALYSIS

Bank Nifty followed the same script — a strong open, aggressive follow-through buying, and confirmation via long buildup.

• OI Change (Bank Nifty Futures): +6.8% → Long Buildup

Key Levels:

• 📉 Support: 54600

• 📈 Resistance: 56400

Market View:
Banking stocks are leading the charge again. Holding above 54600 keeps the trend bullish. A clean break above 56400 could open the gates for another leg higher.

Final Takeaway

The market got its signal — and the reaction was sharp and broad-based.
Now that relief is priced in, expect some volatility or cooling-off around resistance zones.
This is a trader’s market — momentum is back, but risk management is still key.

📚 Recommended Read:

• “The Art of Execution” by Lee Freeman-Shor — especially helpful in understanding how to handle trades during high-volatility periods and news-driven rallies.