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NIFTY

* NIFTY began the week on a negative note, shedding approximately 1.3%, extending the ongoing downward trend.

* Sectoral outlook: realty, energy, and metal among the top losers.

* Breakdown in Nifty’s recent consolidation range of 24,000–24,500, may move toward the next significant support i.e., the 200-day DEMA around 23,500.

* Traders are advised to adjust positions accordingly, prioritizing risk management amid the expected rise in volatility.

BANKNIFTY

* Banknifty trading in a wider range of 50500 to 52500, today’s additional downturn made it close near to lower consolidation range.

* Banknifty was previously trading in a rising wedge pattern, but upon its breakdown, additional selling pressure mounted.

* Positive side is major supports stand at 100 EMA and index managed to close above it.

* Expected to trade in a consolidation range, where a fresh breakdown can be seen if broken below 51000

* Traders stay cautious and prepare for volatile moves either side as VIX is on surge.

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