Nifty's Monday Test: US-Venezuela Tensions Threaten Record Rally; Key Levels to Watch

• Indian markets ended last week at record highs, with Nifty50 at 26,328.55 and Sensex at 85,762, driven by strong banking and domestic growth optimism.
• New geopolitical risk from US-Venezuela tensions could impact crude prices, potentially leading to inflation and rupee concerns for India.
• Technical outlook for Nifty remains strong; immediate support at 26,000, resistance at 26,500, with upside targets up to 27,000.
• Bank Nifty, a leadership index, broke out of consolidation; immediate support at 59,700-59,800, resistance at 60,500-60,600.
• Analysts recommend a "buy-on-dips" strategy for Monday due to strong domestic setup but rising global uncertainty and upcoming data.

Why It Matters: Nifty faces US-Venezuela geopolitical risk despite strong domestic momentum; buy-on-dips advised.