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NIFTY

* Nifty remained volatile on the weekly expiry day and ended nearly half a percent lower amid mixed cues.

* After a flat start, the Nifty index gradually drifted lower, and a mid-session rebound attempt failed to sustain.

* The sectoral trend remained mixed, with realty, metal, and pharma posting gains, while key sectors like IT and banking emerged as the top laggards.

* We recommend aligning positions accordingly, with a focus on stock selection and risk management, as the current market tone is likely to persist.

BANKNIFTY

* The banking index witnessed profit booking after posting gains in the previous two sessions; however, the overall bias remains positive.

* The index found strong support at the 21DEMA and as long as it holds above this level, short-term momentum is expected to remain robust.

* All constituent stocks closed in negative territory, with the downside primarily led by IndusInd Bank, Canara Bank, and Federal Bank.

* Higher side is capped around 57,600 while immediate support can be seen at lower levels around 56,600.

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