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NIFTY

* The Nifty index opened lower in response to the US tariff announcements but saw some recovery due to resilience in select heavyweight stocks.

* From a technical perspective, traders should closely monitor the 20-day exponential moving average (DEMA) at 23,100.

* A break below this level could intensify selling pressure, potentially dragging the index toward 22,800.

* Until a clear directional move emerges, the focus should remain on stock-specific opportunities.

BANKNIFTY

* The banking index mounted a swift recovery after a gap-down start, recouping its losses and closing the day with half a percent gain.

* PSU banks stole the show, with Canbk, Bankbaroda, Pnb gaining over 2-4%.

* We reiterate our bullish stance as long as index sustain above 50700-50600 support zone.

* On the flip side, the 51,800-52,000 range poses a critical resistance level for the index.

* A breakout above this range could trigger the next leg of up move.

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