Monday Market Outlook
Today’s session began with a **gap-up opening**, supported by optimism ahead of the RBI policy announcement. However, the market failed to sustain at higher levels as selling pressure emerged near important resistance zones.
Following the RBI policy outcome, where rates remained unchanged and the overall commentary was largely neutral, both Nifty and Bank Nifty witnessed sharp intraday volatility. Despite multiple swings on both sides, neither buyers nor sellers managed to establish complete control, resulting in a balanced and rotational session.
The market eventually closed near its consolidation zone, indicating that participants are still waiting for stronger directional triggers. Going into Monday, global market uncertainty, geopolitical developments, crude oil movement, and news-driven sentiment are likely to remain key factors influencing market direction.
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NIFTY
Support: 23,324 – 23,314
Next Support: **23,236 – 23,161**
Resistance: **23,390 – 23,409**
Major Resistance: **23,525 – 23,585**
**View:**
Holding above 23,324 can support a move towards 23,390–23,409. A breakout above 23,409 may trigger momentum towards 23,525–23,585. Below 23,314, weakness may extend towards 23,236–23,161.
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**BANK NIFTY**
Support: **54,333 – 54,254**
Next Support: **54,011 – 53,945**
Resistance: **54,495 – 54,525**
Major Resistance: **54,703 – 54,977**
**View:**
Holding above 54,333 keeps the recovery structure intact. Above 54,525, Bank Nifty may attempt a move towards 54,703–54,977. Below 54,254, profit booking may accelerate towards 54,011–53,945.
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**Market Sentiment**
• Gap-up opening but rejection from higher zones
• RBI policy remained unchanged with neutral commentary
• High intraday volatility after policy announcement
• Market closed in consolidation range
• Global uncertainty and news-based volatility remain active
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**Trading Plan for Monday**
✔ Focus on support-resistance reactions rather than predictions
✔ Expect news-driven volatility to continue
✔ Watch global markets and crude oil movement closely
✔ Breakout or breakdown from current consolidation range may decide the next directional move