!Nifty

Nifty is trading on a positive note today, supported by easing geopolitical tensions and strong buying in banking and cyclical stocks. gaining nearly 1.78%, reflecting renewed investor confidence after recent volatility. Early trade shows the index holding above 23,200, with broad-based participation across sectors except IT. Technical View Trend: Sideways to mildly bullish Momentum: Recovery from oversold zone Structure: Short-covering driven bounce Volatility: Cooling (VIX declining) Markets are showing early signs of recovery, but sustained upside depends on institutional participation and holding above key resistance levels. Sectors in Focus Leading: Banking & Financials Auto Capital Goods Under Pressure: IT sector (mild selling pressure) Banking stocks have been the primary driver of the recent rally due to strong credit growth and improving asset quality outlook