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NIFTY

* Nifty traded volatile on Friday and ended nearly flat, offering a much-needed breather after the recent decline.

* Technically, the Nifty managed to hold its trendline support on the daily chart after retracing nearly half of the previous rally.

* Stability above the 25,600 level could help rebuild trader confidence and pave the way for a move towards the 25,800–26,000 zone.

* Meanwhile, we maintain our view to focus on sectors and themes showing consistent strength and use corrections to gradually accumulate quality names.

BANK NIFTY

* The banking index recovered firmly, retracing most early-week losses and concluding the week in a third straight sideways formation, while maintaining a constructive broader bias.

* The index once again respected the 20-DEMA support zone and rebounded accordingly.

* Sectoral momentum remained uneven, with Aubank and ICICIBank exhibiting relative strength, whereas SBIN and AxisBank softened.

* On the technical front, the index faces immediate overhead resistance near 58,500, with a well-defined support base positioned around 57,000.

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