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Nifty

* Nifty edged higher in a subdued session on Wednesday, reflecting a positive yet cautious undertone.

* After a firm start, the Nifty index traded in a narrow range throughout the day before settling at 25,330.25 level.

* On the index front, the Nifty is now inching towards the 25,500 mark, aided by renewed strength in banking and rotational buying across sectors.

* We recommend continuing with a “buy on dips” approach, with support placed around the 25,050–25,150 zone, while keeping position sizes moderate given the likelihood of higher volatility due to global events.

BANK NIFTY

* The banking index extended its upward momentum, marking the 11th consecutive session of gains.

* It continues to trade comfortably above the 100-EMA, reinforcing this level as immediate support and favoring a buy-on-dips strategy.

* Sectoral performance was mixed but skewed positively, with PNB, SBIN, and Canara Bank leading advances, while AU Bank, ICICI Bank, and IndusInd Bank lagged.

* Key technical levels highlight immediate resistance near 56,200 and crucial support around 54,900.

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