Morning Market Insights

Nifty: After a strong rally from recent support levels, Nifty paused in the previous session and has entered a consolidation phase. The broader trend remains positive, supported by strength in select index heavyweights. The index continues to trade above its short-term 20-DMA, currently placed near the 26,000 mark, reinforcing the underlying bullish structure. The preferred strategy remains buy on dips, with a protective stop below 26,180 and upside targets placed at 26,350–26,400. Bank Nifty: Bank Nifty witnessed mild profit-taking in the previous session, largely led by selling pressure in

, which remains below key resistance levels. The index is likely to consolidate further on daily charts, with near-term sectoral rotation expected among banking stocks. The broader trend remains constructive, with strong support seen near 59,600, while the 60,300–60,500 zone is expected to act as a key resistance area.