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NIFTY

* Nifty traded firm on Thursday and gained nearly half a percent, resuming their upward trajectory after a brief consolidation phase.

* After a positive opening, the Nifty built on early momentum—supported by sustained strength in heavyweights—and touched an intraday high of 26,246.65 before trimming some gains to close at 26,192.15.

* Immediate support is placed at 26,050–26,000, followed by a major support at 25,800.

* We continue to recommend a “buy-on-dips” approach, with a focus on large-cap and quality mid-cap stocks demonstrating sustained relative strength.3

BANKNIFTY

* The banking index continued its upward trajectory, registering a fresh all-time high and signaling sustained near-term bullish momentum.

* It opened firmly and built on intraday strength to finish at its session peak.

* Constituents showed mixed performance, with HDFC Bank and Axis Bank demonstrating relative strength, while Bank of Baroda and Canara Bank lagged.

* Key technical levels include immediate resistance near 60,000 and primary support positioned around the 58,700 zone.

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