Nifty is showing a technical rebound from the lower Bollinger Band and oversold RSI zone, indicating short-term exhaustion of selling pressure. Price has recovered back above 25,300–25,400, which is now the immediate pivot. As long as Nifty holds this zone, the structure supports a gradual pullback toward 25,700–25,900. Momentum is still corrective in nature, but the bounce suggests downside risk is getting absorbed rather than extended.

Bank Nifty continues to display relative strength, sustaining above key moving averages and trading closer to the upper Bollinger Band. The index is holding the 59,500–59,600 support zone, keeping the trend positive despite minor volatility. As long as this base remains intact, Bank Nifty is positioned for a move toward 60,300–60,600, with dips being bought rather than sold. The overall structure remains constructive compared to Nifty.