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On Monday, both the Sensex and Nifty began the week on a positive note as traders looked ahead to the potential impact of the Federal Reserve rate cut. For the Nifty, we anticipate continued strength in the technology sector and a rebound in banking stocks, which could propel the index towards the 25,800 level in the coming weeks. Key support is expected between 25,200 and 25,300.

In the case of the Bank Nifty, although some covering occurred last week, a clear trend reversal will only become evident if the index breaks above the 52,000 mark. The support zone for the Bank Nifty is projected between 51,650 and 51,775.

Looking ahead, all eyes will be on the Federal Reserve's rate decision on Wednesday. A substantial reduction in rates could potentially boost foreign investment and significantly influence market trends in the near term.