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The Nifty ended the session in negative territory, shedding 58 points to close at 25,732. Technically, the daily chart displays a bearish candle with a prominent lower shadow, suggesting buying emerged at lower levels.

Meanwhile, the banking index outperformed the broader market, closing at 59,579 with a gain of 128 points. Despite the positive close, price action resulted in a bearish candle on the daily chart. Similar to the Nifty, the presence of a lower shadow indicates strong demand at dips, indicating that bulls are actively accumulating at lower valuations.

Our trend score analysis of the Nifty and Bank Nifty suggests a cautious outlook for both benchmarks.

Kindly refer to the attached market summary with detailed insights into pivot levels, key metrics, and top movers.

NIFTY

Daily Pivots

BANK NIFTY

Daily Pivots

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