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NIFTY

* NIFTY began the week on a weak note, influenced by global cues, and declined by over half a percent.

* Among sectors, IT posted decent gains; on the flip side, energy, metal, and FMCG were the top laggards.

* Next critical hurdle stands at 200 DEMA i.e. 22.650 level, on the flip side nifty has eminent strong support at 23100 mark.

* Investors are advised to remain cautious and manage positions on both sides.

BANK NIFTY

* The banking index opened with a downward gap and traded under pressure, consolidating throughout the session.

* The index is trading within the range of 48000–49700 range, Breaking on either side can set the trend for momentum.

* Expect the index to continue trading within the range; breaking above 49700 cannot be ruled out.

* Traders are advised to exercise caution and follow strict risk management standards in the present sharp index moments.

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