Market in Strong Uptrend: Nifty Eyes 26200 if 26050 Sustains

• Market is in a strong, broad-based uptrend, rewarding long positions and 'BUY ON DIPS' strategy.
• Nifty shows a broad-based rally with 78% breadth, highest since October 23 last year.
• Trailing Stop Loss for long positions is now at 25,850; FIIs might cover shorts due to earnings-driven rally.
• Midcaps and Smallcaps are expected to move further, focusing on sectors with strong earnings like PSU banks and capital market companies.
• Nifty faces resistance at 26,000-26,050 and major resistance at 26,200-26,250; Bank Nifty targets 61,200-61,500.