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Below the Daily Market Commentary : Technical View from Hrishikesh Yedve, AVP Technical and Derivative Research,

''The Nifty index opened on a positive note, witnessed buying interest, and eventually settled the session on the positive note at 26,013. Technically, on the daily chart, Nifty has formed a bullish candle, indicating underlying strength. In the near term, support for the Nifty is placed around 25,710, aligning with the bullish gap zone. On the upside, the 26,100 and 26,280 will act as key resistance points. Therefore, traders are advised to remain cautious at higher levels mentioned above.

The Bank Nifty index opened on a gap up note, continued buying interest and ultimately settled positively at 58,963. Technically, the Bank Nifty index has formed a Bullish candle on the daily chart, signalling bullish momentum. Immediate support for the index is seen near 58,580, while resistance is placed around 59,200, where the trend line hurdle is placed. Thus, traders are advised to buy near support and book profit near resistance levels mentioned above.''

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