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NIFTY

* Nifty edged higher on Monday, with the Nifty 50 extending its winning streak to a sixth straight session and closing near the 26,013 mark amid a firm undertone.

* A decisive breakout above 26,100 could open the doors for a move toward the 26,300–26,500 zone.

* On the downside, support is placed at 25,900 and 25,700, and dips toward these levels are likely to attract buying interest.

* We continue to favor sectors such as banking, auto, and metal, which have shown consistent strength, while selectively identifying opportunities in other pockets.

BANKNIFTY

* The banking index registered a decisive breakout above its prior swing high, advancing to a new all-time peak.

* Momentum extended for a seventh consecutive session, culminating in the strongest daily close to date and underscoring robust market sentiment.

* All constituents ended firmly higher, led by notable strength in AU Bank and Canara Bank.

* Immediate overhead resistance is situated near the 60,000 zone, while primary support remains anchored around the 58,000 level.

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