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Indian benchmark indices experienced a sharp decline today, with the Sensex plunging 900 points and the Nifty falling below 26,000. This downturn is largely attributed to rising geopolitical tensions, particularly the intensification of Israeli strikes in Lebanon, which have introduced significant uncertainty into global markets.

Despite this setback, we maintain a cautiously optimistic outlook. Any dip toward the 25,500 to 25,400 range should be viewed as an opportunity to buy, as this level represents a point of polarity where the index had previously consolidated. On the upside, immediate resistance is noted at 25,920, with further hurdles at 26,000 and 26,200, where we anticipate significant confluence.

Looking ahead to this week, investors are feeling nervous, especially with important events coming up, including a crucial speech by Federal Reserve Chair Jerome Powell later today.