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Nifty

* Nifty held steady on Monday, with the Nifty 50 closing nearly flat at 25,763.35, up 0.13%, indicating continued consolidation after a strong October rally.

* The index opened on a subdued note and remained range-bound throughout the session amid mixed global cues.

* Technically, Nifty is expected to see further consolidation, with critical support placed around 25,600.

* Amid this setup, we continue to recommend a selective approach, focusing on sectors showing relative strength, and preferring large-cap and large mid-cap stocks for long trades while maintaining moderate position sizes amid global uncertainty

Bank Nifty

* The banking index recovered after two consecutive declines, preserving its broadly positive tone.

* It continues to trade above key moving averages, forming a stable base while consolidating within a narrow sideways range in recent sessions.

* With the exception of AU Bank, all other constituents ended in positive territory, led by Bankbaroda, Canbk and SBIN.

* From a technical standpoint, the index encounters immediate resistance near 58,600, while support is positioned around the 57,450 zone, reinforcing overall structural strength.

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