The Nifty 50 index began the January series strongly, closing December 31st up 0.74% at 26,130, snapping a four-day losing streak. Technical indicators suggest support at 26,000 and resistance at 26,400-26,500. Experts anticipate a potential move towards record highs above 26,200, with 25,880 acting as a key support level. The Bank Nifty also showed a trendline breakout, adding to positive sentiment.