Nifty Recovers from Lows, Experts Advise Caution; Key Levels in Focus

• Nifty recovered ~100 points from its low to 25850, and Bank Nifty recovered 250 points; IT and Capital Market shares declined, while PSU Bank and Consumer Durables saw recovery.
• Nifty slipped below 26,000; experts see 26,200-26,300 as a supply zone, and a break below 25,800 could lead to further falls towards 25,700-25,600.
• After hitting a new lifetime high of 26,325, Nifty is in a consolidation phase around its 20-day SMA with RSI below 60, indicating a range-bound movement awaiting a new trigger.
• Bank Nifty started the week weak, trading near 59,000 support; a decisive break below this level could increase selling pressure towards 58,700-58,400.
• Bank Nifty outperformed Nifty, closing at a new all-time high last week, showing a strong uptrend with RSI above 60 and 58,560 acting as key support.

Why It Matters: Market experts provide key Nifty and Bank Nifty levels for informed trading decisions.