Overview of Market

Indian markets closed on a negative note with the Nifty 50 ending at 25,758, while the Sensex settled at 84,391. The broader banking gauge, Bank Nifty, also slipped and closed at 58,930, reflecting continued selling pressure across key sectors. Overall sentiment remained cautious due to global uncertainty and profit-booking at higher levels.

From a technical standpoint, Nifty 50 continues to trade within a defined range. The index has an immediate support at 25,492, which will act as a crucial level for short-term traders. On the upside, resistance is placed at 26,037, and a breakout above this zone may trigger momentum-driven buying.

The Sensex shows a similar structure with support at 83,199 and resistance around 85,272. Sustaining above the support zone will be important to avoid deeper corrections, while crossing the resistance may open the door for a fresh upward move.

For the Bank Nifty, the index is currently holding above its key support at 58,007, which is a decisive level for the banking pack. Immediate resistance is seen at 60,102, and a move above this level could bring back positive sentiment in financials. Until then, volatility is expected to remain elevated.

By Nehal Taparia

This content is for educational and knowledge purposes only and should not be considered as investment or Trading advice. Please consult a certified financial advisor before making any investment or Trading decisions.