Nifty 50, Bank Nifty: Can Bulls Reclaim Highs Amidst Consolidation?

• Nifty 50 and Bank Nifty saw profit booking after record highs, but technicals remain favorable for bulls despite consolidation.
• Nifty 50 outlook: Defend 26,200 for 26,300-26,400; crucial support at 26,000. Experts advise buying Nifty Futures on dips.
• Bank Nifty outlook: Holding 60,000 suggests upmove to 60,200-60,450; critical support at 59,700-59,500. Experts advise buying Bank Nifty Futures.
• Technical indicators like DEMA, MACD, and PCR suggest a constructive overall structure and potential for resumed bullish momentum.
• Key resistance for Nifty 50 at 26,300-26,400 and Bank Nifty at 60,450-60,700; support levels are critical for trend continuation.

Why It Matters: Despite profit booking, Nifty and Bank Nifty show underlying strength; experts advise buying on dips.