Indian equity indices opened Monday’s trading session on a muted note with a negative bias. The NSE Nifty 50 opened flat at 25,723. The BSE Sensex opened 73 points or 0.09% lower at 83,865.

The Bank Nifty opened flat at 57,770. However, the small and midcap stocks opened the day with a positive bias. The Nifty Midcap rose 82 points or 0.14% to open at 59,908.

“We believe that the 25,700–25,650 zone will act as a crucial support level for traders, while 26,000 and 26,100 could serve as key resistance areas for the bulls. A successful breakout above 26,100 could push the market toward 26,250–26,350,” said Shrikant Chouhan, Head of Equity Research at Kotak Securities.

“Nifty index has reached the lower price band of the past 9 days congestion zone (25,700-26,100 spot levels). Going ahead,

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