Indian stock market indices Sensex and Nifty 50 are expected to open higher on Monday after the BJP-led NDA secured a strong victory in the Bihar elections, boosting confidence in the stability of the central government. Gift Nifty trends also point to a positive start, trading near 26,005 — about 54 points above the previous Nifty futures close.
On Friday, markets ended on a firm note, with the Sensex closing 84.11 points higher at 84,562.78 and Nifty 50 rising 30.90 points to finish at 25,910.05.
Sensex Outlook:
The index gained 1.62% last week, forming a bullish candle that reflects sustained buying. Analysts believe the uptrend will hold as long as Sensex stays above 84,000. Resistance lies at 84,900–85,200, and a breakout could take it to 85,800–86,400. Falling below 84,000 may drag it back to 83,400–82,900.
Nifty Trends:
Options data shows resistance around 26,000–26,100 and support near 25,800–25,900. Nifty has formed bullish patterns, with indicators signaling continued strength. A breakout above 26,100 could drive gains toward 26,400, while support sits near 25,650–25,800.
Bank Nifty:
The index remains strong, with support near 58,050 and resistance around 58,615–58,800. A move above these levels could push it toward 59,000–60,200.
