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NIFTY

* Nifty witnessed a volatile session on Friday, with benchmark indices trading under pressure amid cautious global cues and reactions to the policy aftermath.

* After a flat start, the Nifty oscillated sharply in a narrow range on both sides before eventually settling at 23,366.70, down 0.21%.

* In this backdrop, we maintain a cautious stance and prefer a sell-on-rise approach until the Nifty decisively reclaims the 23,700 level.

* At the same time, traders should focus on stock-specific opportunities across sectors and maintain balanced positions with disciplined overnight risk management.

BANK NIFTY

* The Banking Index rose for a fourth consecutive session and a positive weekly close, crossed and settled above its 20-DEMA, though upside momentum remains capped by the 50-DEMA.

* After opening in line with previous session’s range-bound move, the index showed volatility and closed higher.

* Momentum remained mixed, where Yes Bank and Canara Bank outperformed, while Bank of Baroda and Kotak Mahindra Bank lagged.

* Immediate resistance stands at 55,550, with support near 53,000.

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