Morning Markket View:

Nifty 50 is currently trading in a cautious but range-bound structure, with intermittent bouts of volatility driven by global cues and sector rotation. Technically, the index is hovering near key moving averages, indicating indecision among market participants. Immediate support is seen near the recent swing lows, while resistance is placed around the recent highs where selling pressure has emerged earlier. . Bank Nifty has slipped below key support zones around 51,500–52,000, which now acts as an immediate resistance area; unless this level is reclaimed, upside remains capped. On the downside, immediate support is seen near 49,200–49,800, and a break below this zone could extend the fall toward 48,900 levels. Indicators are also not supportive—RSI is hovering near oversold territory and MACD remains in sell mode