Bank Nifty Analysis: Critical Support and Resistance Levels

Bank Nifty Analysis: Critical Support and Resistance Levels

By Santu Saha (Santubittu)

Understanding the Market:

Support Zones:
* Primary: 50850
* Secondary: 50400
* If Bank Nifty opens between 51600 and 51300, initial support at 51350.
Resistance Zones:
* Initial: 51770
* If Bank Nifty opens below 51770, initial resistance at 51772. Potential sideways movement between 5200 and 52400. Breakout above 52400 indicates bullish trend.

Disclaimer:This analysis is for informational purposes only and does not constitute financial advice. Trading involves risk.