Nifty breaks above key resistance: Analysts eye 25,500
Nifty closed at 25,244, its highest in 9 months, with analysts calling it a bullish breakout above 25,200. Analysts peg resistance at 25,300-25,350 and support at 25,000. Derivatives data suggests a rangebound expiry day unless Nifty breaks above 25,350, which could trigger a rally to 25,500.