Nifty Eyes 26,200 Breakout: What to Know for Jan 2 Trading

• Nifty 50 closed 17 points higher on Jan 1, maintaining its upward journey, but failed to sustain above 26,200.
• Experts predict Nifty 50 to break above 26,200, targeting 26,350–26,400, with immediate support at 26,050–26,000.
• Technical indicators (RSI, Stochastic RSI, MACD) show underlying strength for Nifty 50 and sustained bullish bias for Bank Nifty.
• Nifty Call options show maximum resistance at 26,200, while Put options indicate strong support at 26,000.
• Bank Nifty shows maximum Call OI at 59,500 and Put OI at 59,500; India VIX is at an all-time closing low.

Why It Matters: Nifty 50 poised for breakout above 26,200; strong technicals and option data suggest bullish trend.