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Nifty Outlook:

The Nifty index opened flat to slightly positive, witnessed sustained buying throughout the session, and closed on a strong note at 26,052. On the daily chart, it has formed a bullish candle, reflecting underlying strength. However, the index is still trading below the trendline resistance and last week’s high of 26,100, which together form a significant hurdle. A decisive move above 26,100 could open the door for a retest of the all-time high near 26,280. Overall, traders are advised to stay cautious at higher levels.

Bank Nifty Outlook:

The Bank Nifty index opened on a positive note, witnessed continued buying interest, and eventually closed higher at 59,216. Technically, the index has formed a bullish candle on the daily chart, indicating strengthening momentum. Immediate support is placed near 58,580, while resistance around 59,220 levels, where the trendline hurdle exists. A sustained move above 59,220 could drive the index toward the 59,500–59,700 zone. Traders are therefore advised to await a confirmed breakout before initiating further long positions.

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