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NIFTY

* NIFTY remained range-bound for the fourth consecutive session, closing with minimal change.

* Sectoral trends were mixed, with FMCG, auto, and IT posting modest gains, while energy and banking saw slight declines.

* We anticipate the consolidation phase to conclude soon, with the Nifty likely to surpass the 24,800 resistance level.

* Traders are advised to maintain a "buy on dips" strategy, focusing on prudent stock selection.

BANKNIFTY

* BANKNIFTY has 4 consecutive days of consolidation, forming an inside bar of the previous bullish candle.

* Index opened with a downward gap and failed to sustain above the previous day's price range.

* Chart setup suggests multiple inside bars; consolidation is likely to persist.

* BANKNIFTY 53000-52800 zones are considered as immediate support.

* Traders are recommended to maintain positions on both sides and play the index with option strategies.

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