Nifty Soars Past Consolidation, Targets 26,500; Bank Nifty Eyes 61,000

• Nifty 50 and Bank Nifty achieved record closing highs on January 2, showing a convincing consolidation breakout.
• Nifty 50 is projected to move towards 26,500-27,000, with immediate support at 26,200.
• Bank Nifty reached a new all-time high of 60,204, targeting 61,500-62,500 in the near term.
• Both indices show strong technical indicators (MACD, RSI, moving averages) supporting continued uptrend.
• Weekly options data and rollover data reinforce bullish outlook for Nifty and Bank Nifty, respectively.

Why It Matters: Nifty and Bank Nifty broke out, signaling strong uptrends with ambitious targets for the short term.