Trading Plan: Can the Nifty 50, Bank Nifty hold above Thursday’s low?
The Nifty 50 has been taking support at 25,400 on a closing basis since last week; hence, falling decisively below it can take the index down toward 25,250 (200-day EMA) in upcoming sessions. However, the 25,600–25,650 zone is acting as a hurdle, which needs to be convincingly surpassed for a move toward 25,900–26,000.