Nifty, Bank Nifty Face Key Hurdles: Can Bulls Sustain Rally Above Crucial Levels?

• Nifty 50 shows positive momentum, trading above key moving averages with a higher high–higher low formation.
• Nifty needs a convincing close above 26,200 to target 26,325-26,500; 26,000 acts as immediate support.
• Bank Nifty must decisively surpass 59,400 for a move towards 59,550–59,800; support is at 59,100–59,000.
• Experts recommend a 'buy-on-dips' strategy for both indices, citing underlying strength and potential FIIs short covering.
• Key resistance for Nifty at 26,325, support at 26,050; for Bank Nifty, resistance at 60,000, support at 59,000.

Why It Matters: Market bulls remain strong; Nifty and Bank Nifty eye crucial levels with a 'buy-on-dips' strategy recommended.