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Nifty

* Nifty ended Tuesday’s session on a subdued note, extending the mild corrective phase following recent record highs.

* The Nifty opened marginally lower and remained under pressure for most of the day, with only brief recovery attempts.

* We maintain a positive view on the benchmark, as the recent dip appears to be a part of the prevailing trend.

* Participants are advised to plan their positions accordingly while keeping position sizes moderate and adhering to disciplined risk management.

BankNifty

* Following a pause on Monday, the banking index resumed its upward trajectory, extending gains for the fifth session out of the last six.

* Despite a flat opening and range-bound trading, the index continues to hover near record highs, indicating limited reversal risk.

* Market breadth remained mixed, with ICICI Bank and Union Bank supporting gains, while Federal Bank and Kotak Bank weighed.

* Technically, resistance lies near 61,000, with support around 59,400.

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