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NIFTY

* Nifty extended their recovery for the third consecutive session on Wednesday, supported by stable global cues, although volatility persisted.

* The Nifty is gradually inching higher and has tested the immediate resistance zone of 23,800–24,000.

* Sustaining above this band will be crucial for further recovery towards 24,400 level.

* On the downside, immediate support has shifted to the 23,300–23,600 zone.

* Participants are advised to avoid aggressive positioning and instead focus on stock-specific opportunities, maintaining disciplined risk management amid the still-evolving global backdrop

BANK NIFTY

* The banking index extended its upward trajectory for a third consecutive session, demonstrating improving momentum, albeit remaining significantly below key moving averages.

* The index opened on a firm note and sustained positive price action throughout, ultimately closing higher.

* Broad-based strength was observed across constituents, except HDFC Bank, while gains were mainly led by AU Small Finance Bank and IDFC First Bank.

* Immediate resistance is seen near 56,000, with strong support around 54,000.

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