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Nifty closed at 24,715, up 135 points. The daily chart shows a bullish candle with a long lower shadow, highlighting strong buying at lower levels. The index also managed to close above the 20-day SMA placed at 24,695, reinforcing the positive sentiment.

Bank Nifty settled at 54,068, gaining 407 points. It formed a bullish engulfing candle on the daily chart, signalling a shift in momentum and a constructive bias in the near term.

Our trend score analysis of the Nifty and Bank Nifty suggests a bullish outlook on the benchmarks.

Please review the attached report for insights on pivot levels, performance indicators, and a list of top market gainers and losers.

Nifty

Daily Pivots

Bank Nifty

Daily Pivots

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