Immediate support is placed at 56,800, followed by the 100-DMA near 56,500. A close below 56,500 could expose 56,000–55,800, while resistance is located at 57,440–57,620, where the 200-, 21-, and 50-DMAs converge. A decisive close above 57,620 may revive upside toward 58,000–58,300. For now, the index may remain volatile and range-bound between 56,500 and 57,620. Abundant banking-system liquidity offers domestic support, but rising global bond yields, elevated crude oil prices and geopolitical uncertainty could restrain risk appetite. Therefore, a directional move may emerge only after the index closes outside this range with stronger breadth and volume.
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