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NIFTY

* Nifty traded volatile on the first day of the new expiry series and managed to close in the green, offering some respite after Tuesday’s decline.

* On the index front, indications remain mixed as bulls are attempting to defend the crucial support around the 25,400 mark.

* Amid the prevailing uncertainty, a selective approach based on sectoral trends continues to work well, with preference for banking, auto, metal and energy counters for long positions.

* Participants are advised to focus on opportunities on both sides until a clearer directional trend emerges in the index.

BANKNIFTY

* The banking index experienced a highly volatile yet indecisive session, ultimately closing almost unchanged following sharp intraday swings.

* Despite a gap-up opening, selling pressure emerged early and persisted through the session, leading to a marginally negative close.

* Stock-specific performance remained mixed: Federal Bank and Canara Bank outperformed, while AU Bank and SBI underperformed.

* Immediate resistance is located near 61,800, with critical support around 60,300

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