The Bank Nifty index slipped around 0.9%, closing near 56,927, as selling pressure emerged in PSU and mid-cap banks despite a strong open above 57,550. Key levels: Opening: ~57,558 High: ~57,628 Low: ~56,884 Close: ~56,927 Top Movers: Losers:

INDUSINDBK

fell ~2.5% to ₹858

AUBANK

dropped ~2% to the ₹820–830 range

BANKBARODA

HDFCBANK

, and

FEDERALBNK

were down 1–1.4% Gainers:

KOTAKBANK

rose ~0.5% to ₹2,175

AXISBANK

and

ICICIBANK

gained around 0.3–0.5%

PNB

showed marginal strength Market Sentiment: Despite early strength, Bank Nifty struggled to hold gains. Weakness in PSU banks and rising global yields weighed on sentiment. Private banking names showed relative resilience. Technical View: The index remains within a short-term bullish structure, but momentum indicators point to consolidation between 56,900–57,600. A break below 56,800 could invite further selling, while resistance near 57,600 remains key. What’s your view—wait for a breakout or play the range?

#IndexStrategies

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