Market Overview - The Nifty index has shown a consolidation phase within a broad range of 1,000 points, indicating a corrective phase, while the Bank Nifty has started to show relative outperformance [4][9] - Immediate support for the Nifty is around the 24,900 zone, with resistance levels identified between 25,400 and 25,500 [4][8] Sector Performance - The Consumer Discretionary vs FMCG ratio chart has broken out after nearly two years of consolidation, suggesting potential outperformance of discretionary stocks over defensives [8][9] - The Nifty PSU Bank index has outperformed and is expected to continue this trend, with specific stocks like SBI and Punjab National Bank showing strong momentum [5][9] Stock Recommendations - Stocks such as Axis Bank, Kotak Bank, and Bank of Baroda are anticipated to outperform within the banking sector [9] - Ceat and Apollo Tyres are projected to have a potential upside of 10-12% following a base breakout in the Tyres Index [8][9] - L&T is on the verge of a breakout from significant consolidation, while CDSL appears bullish from a positional perspective [5][9] Technical Indicators - Nifty has posted two consecutive green candles, indicating renewed buying interest, with a hidden positive divergence in the daily RSI providing support for the ongoing rally [6][9] - A breakout above 25,550 could lead to a target around 25,850, while sustaining above 25,000 may continue to offer buying opportunities [7][9]