Nifty and Bank Futures Show Recovery

The Nifty 50 and Nifty Bank futures have shown a recovery in the past week.

The Nifty 50 gained 0.5% and the Nifty Bank gained 0.8%.

Institutional investors have become less bearish, with Foreign Institutional Investors reducing their net short positions.

The derivatives data suggests that while there is improving sentiment, the market remains cautious.

The Nifty 50 has reclaimed the 24,300 level, and the Nifty Bank has moved above 58,500.

If these levels are sustained, it could strengthen the bullish case in the near term.

However, traders are advised to be cautious due to geopolitical uncertainties.