Nifty Eyes Upside as Bulls Take Charge Ahead of Expiry Week

The Nifty closed around 25,112 on Friday, marking a 1.29% gain for the week and signalling strong bullish momentum. The rally was driven by broad-based buying, particularly in financial heavyweights like HDFC Bank, ICICI Bank, and Reliance Industries.

Despite lingering global uncertainties, market sentiment remained stable, with the India VIX closing at 13.67—reflecting subdued volatility and cautious optimism among participants.

In the derivatives space, the highest concentration of put writing at the 25,000 strike highlights strong immediate support, while the 25,500 level is emerging as a key resistance zone due to significant call writing activity.

Heading into the upcoming expiry week, the bullish trend is likely to continue, provided no major geopolitical shocks disrupt market sentiment.