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NIFTY

* Nifty opened the week on a positive note, gaining nearly half a percent in line with Friday's momentum

* Most sectors contributed to the rally, with realty, auto, and energy leading the charge.

* The trend is likely to continue with Nifty nearing the key milestone of 26,000, a brief pause is possible.

* Traders should maintain a "buy on dips" strategy, focusing on stock selection, with a preference for large-cap and large mid-cap stocks.

BANKNIFTY

* Banking index inched higher for yet another session and closed with nearly half a percent gain.

* Barring ICICIBANK and INDUSINDBK, all other banking majors ended in green wherein PSU banking stocks like BANKBARODA, SBIN and PNB performed well.

* Banking index is likely to remain in an upward trajectory in near term and hence ‘buy on dips’ approach can be maintained.

* Going ahead, the previous breakout zone of 53350 will now act as support followed by 52800. On the upside 54500-55000 will act as intermediate hurdle.

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