Nifty traded volatile on the weekly expiry day and ended almost unchanged, pausing after the recent rebound - Religare Broking Ltd
Nifty
* Nifty traded volatile on the weekly expiry day and ended almost unchanged, pausing after the recent rebound.
* After a flat start, the Nifty moved toward the 25,200 mark in the initial hour, followed by erratic swings throughout the session.
* Looking ahead, some consolidation after the recent up move cannot be ruled out; however, the overall tone is expected to stay positive as long as the Nifty holds above the 24,900 mark.
* Participants should continue focusing on selective stock picking and favor sectors or themes that exhibit consistent strength.
BANK NIFTY
* The banking index extended its upward momentum for the sixth consecutive session, maintaining strength after surpassing prior swing highs.
* Despite mild profit booking in the latter half, the index closed with a positive bias.
* Sectoral performance remained mixed, led by gains in Federal Bank and Canara Bank, while Axis Bank and Bank of Baroda lagged.
* Technically, the index faces immediate resistance near the 57,350 level, with strong support established around 55,350.
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