Nifty 50, Bank Nifty: Will Bulls Sustain Upward Journey Amid Consolidation?

• Nifty 50 shows consolidation, but momentum indicators support gradual climb towards 26,350-26,400 if 26,200 is cleared.
• Bank Nifty exhibits superior strength, poised to reach 60,000-60,100 after breaking 59,800, with strong volume.
• Experts like Jay Mehta, Om Mehra, and Amruta Shinde suggest range trading or "buy-on-dips" strategies for both indices.
• Nifty 50 needs to sustain above 26,330 for a strong rally, while Bank Nifty's bullish trend remains intact above 59,000.
• Both indices saw positive movement on January 1, with Nifty 50 at 26,147 and Bank Nifty at 59,712, indicating a bullish bias.

Why It Matters: Nifty 50 and Bank Nifty show bullish bias amid consolidation; "buy-on-dips" advised for upside.