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Nifty

* Nifty bounced back sharply today and closed higher after a series of weak sessions, as relief on global trade and geopolitical fronts helped improve risk sentiment.

* From a technical perspective, the Nifty is hovering around its long-term moving average, the 200-day DEMA near the 25,150 level.

* Sustaining above this zone will be crucial for further recovery towards 25,600 mark; otherwise, the decline may resume with the next support placed in the 24,750–24,900 range.

* In this environment, participants should align their positions with a strong focus on risk management, given the likelihood of continued choppiness in the near term.

BANKNIFTY

* The banking index halted its three-session decline and stabilized, closing above the 50-DEMA, indicating early signs of recovery.

* The index opened with an upside gap but surrendered initial gains amid heightened volatility before rebounding to close near opening levels.

* Broad-based strength was observed across constituents, barring IndusInd Bank and ICICI Bank, while IDFC First Bank and Canara Bank leading advances.

* Immediate resistance is placed near 60,000, while key support lies around 58,400

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