The banking index opened with sustained bullish momentum and closed firmly for a third consecutive session - Religare Broking
NIFTY
* Nifty traded range-bound on Wednesday as investors assessed follow-through activity after Tuesday’s strong rally triggered by the India–US trade deal.
* After a flat start, the Nifty oscillated within a narrow band through the session and ended marginally higher at 25,779.5.
* On the upside, the index may attempt a move towards the 26,000 level, followed by a gradual push towards record highs.
* Participants should align positions accordingly, with an emphasis on stock selection and disciplined trade management.
BANK NIFTY
* The banking index opened with sustained bullish momentum and closed firmly for a third consecutive session.
* It recorded a gap-up opening and subsequently traded within a narrow consolidation range, retaining a positive bias throughout the day.
* Momentum remained mixed across constituents, with Bank of Baroda and ICICI Bank showing strength, while Axis Bank and Kotak Bank underperformed.
* Immediate resistance is seen near 61,000, with support positioned around 59,000 levels currently.
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