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NIFTY

* Nifty traded subdued within a narrow range with a negative bias, continuing the ongoing consolidation phase.

* After an initial dip, the Nifty moved in a tight band throughout the session and eventually settled at the 24,752.45 level.

* Sector-wise, banking, mainly PSUs, led the gains once again, followed by media and energy.

* From a technical perspective, participants are trading within the prevailing range, and a clear directional trend is expected to emerge once the index breaks out of the 24,400–25,200 range.

BANK NIFTY

* The banking index traded in a narrow range throughout the session and resulting in a flat close.

* PSU banks continued to shine, outperforming the private players with Canbk, Bank of Baroda and SBIN showing notable strength.

* A decisive breakout above the 55,800–56,200 range is essential to confirm the end of the current consolidation phase.

* On the downside, support remains strong at 54,500, near the 20 DEMA.

* The broader trend stays bullish, with PSU banks offering stock-specific opportunities.

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