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NIFTY

* Nifty plunged sharply on Friday and extended the ongoing corrective phase amid persistent geopolitical tensions.

* Despite a brief recovery attempt during the middle of the day, selling intensified again in the latter half, dragging the index lower and it eventually settled near the 23,151 mark, down by around 2.06%.

* On the upside, any recovery towards the 23,500–23,800 zone is likely to face stiff resistance.

* Given the prevailing uncertainty and heightened volatility, participants are advised to maintain a cautious stance, keep position sizes light and focus on strict risk management while adopting a selective trading approach.

BANK NIFTY

* The banking index extended its decline for a third consecutive session, reflecting sustained selling pressure.

* The index opened on a weak note and remained under pressure throughout the session, culminating in a weekly loss of nearly 7%.

* All constituent stocks closed in the red, with the decline primarily led by Union Bank and PNB.

* From a technical perspective, immediate resistance is placed near 54,700, while key support is observed around the 52,400 level.

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