Nifty, Bank Nifty Show Bullish Momentum for Jan 5 Trade; Key Levels to Watch

• Nifty 50 hit a new closing high on Jan 2 with 0.7% gains, showing strong bullish momentum and technical indicators.
• Nifty needs to decisively surpass 26,350 for further upside; 26,100-26,000 acts as key support.
• Bank Nifty also recorded a new high of 60,204, breaking 59,800, with strong momentum and bullish technicals.
• Nifty's Put-Call Ratio spiked to 1.46, indicating firm bullish sentiment; India VIX remains low, favoring bulls.
• Key resistance for Nifty at 27,000 (Call OI) and support at 26,000 (Put OI); SAIL remains in F&O ban.

Why It Matters: Market shows strong bullish momentum for Jan 5, with Nifty and Bank Nifty hitting new highs.