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Nifty

* Nifty experienced volatility and closed nearly unchanged amidst mixed signals.

* While profit-taking was observed across most sectors, strength in banking and IT sectors mitigated overall losses.

* Rotational buying across key sectors is supporting a positive market sentiment, yet without clear conviction.

* Thus, we advise continuing a strategy of "buying on dips" in the index and placing emphasis on selective stock picks based on sectoral or thematic factors.

BANKNIFTY

* Banking index continued its outperformance for yet another day to hit new record high and closed higher nearly 2 percent.

* Almost all banking majors contributed to the move. Wherein HDFC Bank, ICICI Bank and Axis Bank contributed the maximum.

* We expect the upward momentum to continue and eyeing 52500 levels in the coming sessions.

* Thus we continue to maintain our bullish stance and reiterate "buy on dips" approach in the banking index.

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