Nifty Bank ended the session at 58,177.05, up a marginal 0.05%, forming a small-bodied candle with an upper wick, suggesting that some profit booking emerged at higher levels.

On the weekly chart, the index closed with a gain of 0.85% for the fourth consecutive week, with the candle settling near the upper end of its range and closing above 58,000, a level that had previously acted as a strong resistance zone.

The RSI is placed at 67, indicating healthy momentum while remaining comfortably above the 60 mark.

The MACD remains in positive territory, reflecting underlying strength despite the recent volatility.

The 58,700 level remains the key hurdle to watch, and a decisive breakout above this zone could pave the way for a move towards 59,000. Until then, 57,500 is expected to provide support on any decline.