Nifty, Bank Nifty Hit 11-Month Lows; Rebound Possible After Trump's Iran Comments

• Nifty 50 plunged 2.6% to an 11-month low, closing at 22,513, driven by US-Iran geopolitical tensions.
• Bank Nifty also fell 3.72% to 51,438, its lowest since April 2025, showing strong selling pressure.
• A sharp rebound is possible after US President Donald Trump paused Iran strikes, signaling de-escalation.
• Technical indicators show Nifty and Bank Nifty in oversold zones, suggesting a potential loss of downside momentum.
• Nifty faces resistance at 22,700-22,800, with crucial support at 22,400-22,000; Bank Nifty support at 50,700.