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NIFTY

* Nifty started the week on a volatile note but managed to end in the green.

* However, renewed buying interest in select index majors during the final hours helped the Nifty close near the day’s high at 25,090.70.

* While the bulls have successfully defended the 24,900 level on the Nifty so far, a decisive move above 25,250 is essential to regain full control.

* Given the prevailing volatility driven by earnings announcements, participants should prioritize risk management over aggressive positioning.

BANK NIFTY

* The banking index rebounded following a two-session decline, indicating that the overall momentum remains positive.

* The rising trend line, which continues to provide robust support to the index, remains intact.

* Price action among index constituents was mixed, with ICICI Bank and HDFC Bank leading the gains, while AU Small Finance Bank and Canara Bank experienced notable weakness.

* Key immediate support is identified in the 56,200 to 55,500 range, with resistance anticipated near 57,600.

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