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NIFTY

* Following a flat opening, Nifty edged higher and remained range-bound throughout the session, eventually closing at 23,332.35.

* Markets will react to the announcement of reciprocal tariffs and the initial response from global markets, which could influence sentiment.

* We recommend a cautious stance and favor a hedged approach until there is greater clarity on the index’s next directional move.

* However, stocks continue to offer trading opportunities on both sides, and participants should position themselves accordingly

BANK NIFTY

* The banking index recovered after yesterday's fall and gained over a percent.

* Almost all the banking majors ended on a positive note with Indusindbk and Hdfcbank gaining the most.

* The overall chart structure suggests that positive momentum will continue, with the 50,700-50,600 zone acting as important support zone.

* Meanwhile, traders can consider stock-specific opportunities in both private and PSU bank stocks, focusing on those demonstrating strength.

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