On the downside, 57,100-57,000 represents immediate support, reinforced by the 50-DMA at 57,119.72, while a sustained breakdown could expose 56,500, followed by the 100-DMA near 55,797. Resistance is concentrated around 57,500–57,600, where the 21- and 200-DMA converge, followed by the recent swing zone around 58,000–58,200. The near-term outlook remains range-bound with a mild negative bias unless Nifty Bank decisively reclaims 57,600. Broader Indian equities were also subdued amid mixed global cues and higher crude prices, adding to near-term caution. A sustained move above 57,600 could revive upside momentum toward 58,000-58,200, whereas a break below 57,000 would increase corrective risk.
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