The Nifty 50 index shows positive market breadth, with 73% of its stocks trading above the 50-day Exponential Moving Average (EMA), signaling increased participation in the current rally. Technical indicators suggest a strong upward trend for both Nifty and Bank Nifty. Analysts recommend a buy-on-dips strategy for Nifty, maintaining support at 26,000, with potential upside towards 26,600. Bank Nifty is also showing strength, outperforming Nifty and potentially heading towards 61,500.