Nifty, Bank Nifty Soar to New Highs; Bulls Dominate Market Sentiment

• Nifty and Bank Nifty recorded significant gains on January 2, closing at new record highs with strong bullish momentum.
• Technical indicators like RSI, MACD, and Bollinger Bands signal sustained strength and positive market sentiment for both indices.
• Nifty needs to decisively cross 26,350 for further upward movement; otherwise, consolidation is expected with 26,100-26,000 as key support.
• India VIX remains low, favoring bulls, while Nifty's Put-Call Ratio surged to 1.46, indicating strong bullish sentiment.
• SAIL is currently the only stock under the F&O ban, with no new additions or removals.

Why It Matters: Indian markets show strong bullish momentum, with Nifty and Bank Nifty hitting new highs, supported by positive technicals.