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Nifty

* Nifty extended their decline on Friday, with the Nifty slipping nearly 0.4% to close around 25,795.

* After a flat start, the index remained under pressure throughout the session amid broad-based selling.

* We maintain a bullish view despite the ongoing corrective phase and suggest retaining a positive bias as long as Nifty holds above 25,600.

* However, traders should remain selective, focusing on sectors showing relative strength, particularly large-cap and quality mid-cap stocks.

BANK NIFTY

* The banking index experienced mild profit booking in the final trading session of the week after reaching an all-time high in the previous session.

* It ended the week with a marginal decline of 0.02%, following three consecutive weeks of gains.

* Performance across constituents was mixed, with ICICI Bank and Federal Bank outperforming, while Kotak Bank and Axis Bank underperformed.

* Technically, the index faces key resistance near 58,500, with immediate support around 57,000, providing critical reference points for traders.

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