Anil Singhvi Explains: What makes 26,100 a make-or-break level for Nifty?

Stock Market Today: Gift Nifty opened with positive momentum on Monday as global cues improved. At around 9 AM, Gift Nifty was trading at 26,138.5, up 60.5 points or 0.23 per cent.

Zee Business Managing Editor Anil Singhvi said Indian markets are once again closely tracking US trends, and the recovery in US indices is lifting early sentiment. He added that volatility may increase as US markets continue to show sharp swings.

VIX jumps, hinting at a major Nifty move

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India VIX surged 12 per cent to close at a five-month high of 13.63, marking the sharpest one-day rise since 7 April.
On 7 April, VIX had spiked 65 per cent on trade deal concerns, dragging Nifty down 3.2 per cent. The same session also marked the year’s bottom, after which Nifty rallied 10 per cent in a month.

Singhvi believes the latest VIX spike is signalling a significant move for Nifty. He expects this move to be a breakout on the upside after days of consolidation.

Rupee weakness adds pressure

The rupee’s slide to a lifetime low remains a concern. Trade deal delays are adding pressure on the currency.

Singhvi said exporters troubled by tariff issues are getting some relief from the weak rupee, but foreign investors typically turn cautious when the currency depreciates sharply.

Why 26,100 is the key level for Nifty

Nifty has attempted to cross the 26,100 mark ten times over the past month.

In nine sessions, it closed within the 26,000–26,100 range, signalling a tight consolidation phase.

On 20 November, Nifty finally closed above 26,100, but slipped back the next day, ending at 26,068 on 21 November.

According to Singhvi, Nifty must cross 26,100 decisively to trigger a strong upward trend. A breakout above this level could lead to a sharp rally after prolonged consolidation.