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NIFTY

* Nifty traded with strength on Monday and remained firmly in positive territory, supported by encouraging global cues and optimism around an interim India–US trade framework.

* The benchmark indices opened higher, with the Nifty moving above the 25,800 level in early trade and holding gains through the session to finally close at 25,867.30.

* The latest move in the index suggests a likely retest of the 26,000 level on the Nifty soon, and a decisive breakout above this zone could open the path toward a new record high.

* We therefore reiterate a buy-on-dips approach, with emphasis on stock selection based on sectoral strength.

BANK NIFTY

* The banking index extended its upward trajectory for a second consecutive session, registering its highest-ever close.

* The index opened with a gap-up and subsequently traded within a tight consolidation band, maintaining a positive bias throughout the session.

* Momentum across constituents was mixed: SBI and IndusInd Bank outperformed, while ICICI Bank and IDFC First Bank lagged.

* Immediate resistance is observed near 61,500, with support around 59,600 levels in the near term.

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