Nifty 50, Bank Nifty Hit Record Highs: Can They Sustain Amid Consolidation Fears?

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Moneycontrol•05-01-2026, 04:27
Nifty 50, Bank Nifty Hit Record Highs: Can They Sustain Amid Consolidation Fears?
- •Nifty 50 and Bank Nifty achieved record closing highs, driven by strong momentum and positive technicals.
- •Nifty 50 eyes 26,500-26,600 if it sustains above 26,350; key support at 26,200 and 26,000.
- •Bank Nifty targets 60,500-61,000 if it breaks 60,200; crucial support at 60,000-59,900.
- •Experts recommend buying Nifty Futures around 26,200-26,150 and Bank Nifty Futures on dips.
- •Market shows bullish sentiment with higher highs and higher bottoms, indicating potential for continued growth.
Why It Matters: Nifty 50 and Bank Nifty at record highs, bullish outlook with potential for further gains.
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