IGI Logo

NIFTY

*  Nifty witnessed a volatile session on the weekly expiry day but eventually ended in the green, extending Monday’s rebound.

*  Technically, the Nifty has reclaimed its short-term moving average, the 20-DEMA, around the 25,600 mark.

*  Sustaining above this level could open the door for a move toward 25,800–26,000, while any weakness below it might trigger profit-taking.

*  Traders are advised to maintain a stock-specific approach, emphasizing risk management and rotational opportunities across sectors amid the prevailing volatility

BANK NIFTY

*  The banking index extended its advance for a third consecutive session, demonstrating sustained resilience.

*  It held the 20-day EMA and rebounded promptly, maintaining trade above this level and reinforcing a developing structural base.

*  Sectoral performance remained mixed: IndusInd Bank and ICICI Bank exhibited relative strength, whereas AU Bank and Federal Bank lagged.

*  Immediate resistance is positioned near 59,000, while a clearly defined support zone lies around 57,600.

Please refer disclaimer at https://www.religareonline.com/disclaimer

SEBI Registration number is INZ000174330