Market Nears Day's High: Steel, Defense Shine; Nifty, Bank Nifty Strategies Revealed

• Indian markets, Nifty and Sensex, trade near day's high with Sensex up 0.28% and Nifty up 0.40% around 11 AM.
• Steel stocks like Tata Steel and JSW Steel surge due to new 11-12% safeguard duty on non-alloy and alloy steel imports, curbing cheap Chinese products.
• Defense, Capital Market, Oil & Gas, Consumer Durables, Public Sector Banks, and Chemicals sectors show strong rallies; IT stocks face pressure.
• Expert Virendra Kumar provides Nifty strategy: resistance at 25988-26029, base at 25826-25871; advises selling on bounces below resistance.
• Bank Nifty strategy: resistance at 59391-59533, base at 58716-59014; recommends buying on dips as long as Base-1 holds.

Why It Matters: Markets rally led by steel, defense, and specific sectors; experts offer Nifty and Bank Nifty trading strategies.