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NIFTY

* Nifty began the week on a positive note amid optimistic global cues.

* Technically, as long as the index holds above the 25,300 mark, a phase of consolidation at current levels cannot be ruled out.

* However, a decisive breach below this support could trigger profit-taking, dragging the index towards the 25,150–25,050 zone.

* On the upside, a sustained move above 25,600 would be essential for a further rally towards the 25,800–26,000 region.

BANK NIFTY

* The banking index advanced for a second consecutive session, sustaining a constructive bias.

* It respected the 20-day EMA and continues to trade above it, reinforcing a developing base.

* Sector performance was mixed: AU Bank and Federal Bank demonstrated relative strength, while Axis Bank and Bank of Baroda moderated.

* Immediate resistance is situated near 58,500, with a well-defined support zone around 57,000.

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