Nifty, Bank Nifty Range-Bound: Expert Shares Key Trading Strategy Amidst Market Softness

• Market softens for second day; Nifty and Bank Nifty remain range-bound as per Virendra Kumar of CNBC-Awaaz.
• Nifty's first resistance at 26193-26238, major base at 25975-26046; advises buying on controlled dips near Base-1 (26100).
• Bank Nifty's first resistance at 59391-59538, major base at 58688-58805; suggests buying on dips near Base-1 (59100-59000).
• FIIs show cash selling but index short covering; option writers are favored due to the range-bound market.
• Directional trades: focus on buying on dips towards Base-1/2 or a breakout above Resistance-1 for both indices.

Why It Matters: Expert advises buying on dips and watching for breakouts in range-bound Nifty, Bank Nifty.