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Nifty

* Nifty ended marginally lower on Monday, with the Nifty50 slipping about 0.3% to close near the 26,250 mark after a choppy session in which early optimism gradually faded.

* The index opened on a positive note and briefly touched a record intraday high before witnessing profit booking and settling closer to the day’s lows.

* The immediate support zone for the Nifty is placed around 26,000–26,200, while the upside potential towards the 26,500–26,700 zone remains intact in the near term.

* In the interim, participants are advised to focus on identifying quality stock-specific opportunities across sectors, keeping favourable risk–reward dynamics in mind.

BankNifty

* The banking index recorded another milestone by scaling a fresh all-time high, followed by profit booking.

* Despite a gap-up opening, the index ended lower after four consecutive advancing sessions.

* Market momentum remained mixed, with gains driven by Union Bank and YES Bank, while HDFC Bank and IDFC First Bank exerted drag.

* Technically, immediate resistance is positioned near 61,000, whereas critical support is observed around 59,400 in the near term ahead.

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