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NIFTY

* Nifty made a muted start to the week and ended almost unchanged, continuing the ongoing consolidation phase.

* After a flat opening, the Nifty traded within a narrow range throughout the session and finally settled at 25,459.95.

* Most sectoral indices moved in line with the market trend, with IT and metal emerging as the top losers.

* Amid the ongoing consolidation, we maintain our bullish view and recommend continuing with a “buy on dips” approach, focusing on stock selection based on relative strength.

BANKNIFTY

* The Banking Index traded in a narrow range throughout the session, marking the third consecutive day of sideways movement.

* Despite the consolidation, index continues to trend higher within a rising channel, indicating that the broader trend remains positive.

* With the exception of PNB, Kotak Bank, and Bank of Baroda, all other banking stocks ended the session in negative territory.

* The all-time high near 57,628.40 continues to serve as a key resistance level, while the 56,390–56,100 zone is expected to offer strong support.

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