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Nifty

* Nifty traded with a cautious bias and ended flat, extending the ongoing consolidation phase.

* From a technical perspective, Nifty has managed to hold the crucial support near the previous swing low around 25,700, which remains a key level to monitor in the coming session, as a breakdown could lead to further correction.

* On the upside, the short-term moving average, the 20-DEMA, continues to act as an immediate hurdle around 25,950, and a sustained move above this level will be essential for the next leg of the up move.

* Given the prevailing choppiness and absence of strong triggers, stock-specific trading approach remains advisable, with an emphasis on disciplined risk management and controlled position sizing.

BANKNIFTY

* The banking index experienced a highly volatile trading session and ultimately closed sideways with marginal losses.

* The index opened with a gap-down, recovered sharply, and later declined to settle near flat levels, indicating a strong tussle between bullish and bearish participants.

* Momentum remained mixed across constituents, with Federal Bank and Axis Bank outperforming, while PNB and HDFC Bank lagged.

* Technically, immediate resistance is placed near 59,500, with initial support around 58,400.

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