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NIFTY

* Despite a weak handover from the U.S. markets, the Nifty opened slightly in the green and gradually moved higher throughout the session, eventually settling near the day’s high at 24,722.75.

* A decisive break above 24,800 could trigger further upside toward the 25,000 mark, which acts as the next key resistance.

* Traders are advised to align their positions accordingly, with a strong emphasis on stock selection and effective trade management.

BANKNIFTY

* The banking index experienced a sideways trading session, closing unchanged, indicating market indecision.

* It remains strongly supported by a rising trendline originating from March 11, with no close below this key support.

* Except for ICICI Bank and HDFC Bank, most constituents demonstrated buying strength, closing higher amid sustained momentum.

* Immediate support is established between 55,300 and 54,900, while resistance is projected within the 56,000 to 56,400 range, guiding near-term trading strategies.

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