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NIFTY

* Nifty showed strength and gained over a percent after three sessions of lackluster movement.

* Following an initial uptick, the Nifty gradually moved higher, surpassing the key hurdle at 25,000 and closing near the day’s high at 25,112.

* The outlook remains positive, and a decisive move above 25,200 on the Nifty would signal the end of the ongoing 5-week consolidation phase and open the path toward the 25,600–25,800 zone.

* We maintain our positive yet cautious stance and advise focusing on stock selection, particularly in line with sectoral trends.

BANKNIFTY

* The banking index witnessed strong recovery and closed above the sideways range with rising volumes, signaling renewed bullish momentum.

* The breakout from consolidation reflects growing investor confidence, supported by sustained buying interest.

* Barring Axisbank, all of the banking stocks ended in the green where Canbk led the upwards rally.

* The strong close above the range suggests the potential for continued upward movement in the near term.

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