Bank Nifty ended the week at 55,527.35 with a loss of -1.86%
Key Levels for the Upcoming Week
🔹 Price Action Pivot Zone:
The critical range to monitor for potential trend reversals or continuation is 55,410 to 55,645
🔹 Support & Resistance Levels:
Support Levels:
S1: 55,058
S2: 54,588
S3: 54,119
Resistance Levels:
R1: 56,000
R2: 56,474
R3: 56,947
Market Outlook
✅ Bullish Scenario: A sustained move above 55,645 could trigger buying momentum, potentially driving Bank Nifty towards R1 (56,000) and beyond.
❌ Bearish Scenario: If the index falls below 55,410, selling pressure may increase, pulling it towards S1 (55,058) and lower levels.
Disclaimer: lnkd.in/gJJDnvn2
Key Levels for the Upcoming Week
🔹 Price Action Pivot Zone:
The critical range to monitor for potential trend reversals or continuation is 55,410 to 55,645
🔹 Support & Resistance Levels:
Support Levels:
S1: 55,058
S2: 54,588
S3: 54,119
Resistance Levels:
R1: 56,000
R2: 56,474
R3: 56,947
Market Outlook
✅ Bullish Scenario: A sustained move above 55,645 could trigger buying momentum, potentially driving Bank Nifty towards R1 (56,000) and beyond.
❌ Bearish Scenario: If the index falls below 55,410, selling pressure may increase, pulling it towards S1 (55,058) and lower levels.
Disclaimer: lnkd.in/gJJDnvn2
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