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NIFTY

* Nifty traded under pressure on Friday and ended sharply lower, extending the corrective tone amid weak cues.

* The Nifty has not only surrendered the support zone of 25,400 but has also moved closer to the gap area around the 25,100 mark.

* It will be important to see how the relatively stronger sectors, especially banking, behave in the coming sessions, as that could determine whether the market witnesses a rebound or extends the decline towards the 24,800 zone.

* Meanwhile, participants are advised to maintain a cautious stance, keep position sizes light and manage risk carefully.

BANKNIFTY

* The banking index experienced profit-taking in the final trading session of the week, settling below the 20-day DEMA and signaling early weakness.

* The index opened with a downside gap, with selling pressure persisting throughout the entire session.

* Except for IDFC First Bank and Union Bank, all constituents declined, with AU Bank and Kotak Bank leading losses.

* Immediate resistance is placed near 61,200, while key support is located around 59,800 levels respectively.

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