Bank Nifty ended the week at 56,252.85 with a gain of 1.31%
Key Levels for the Upcoming Week
🔹 Price Action Pivot Zone:
The critical range to monitor for potential trend reversals or continuation is 56,135 to 56,372
🔹 Support & Resistance Levels:
Support Levels:
S1: 55,781
S2: 55,308
S3: 54,726
Resistance Levels:
R1: 56,729
R2: 57,206
R3: 57,786
Market Outlook
✅ Bullish Scenario: A sustained move above 56,372 could trigger buying momentum, potentially driving Bank Nifty towards R1 (56,729) and beyond.
❌ Bearish Scenario: If the index falls below 56,135, selling pressure may increase, pulling it towards S1 (56,729) 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 56,135 to 56,372
🔹 Support & Resistance Levels:
Support Levels:
S1: 55,781
S2: 55,308
S3: 54,726
Resistance Levels:
R1: 56,729
R2: 57,206
R3: 57,786
Market Outlook
✅ Bullish Scenario: A sustained move above 56,372 could trigger buying momentum, potentially driving Bank Nifty towards R1 (56,729) and beyond.
❌ Bearish Scenario: If the index falls below 56,135, selling pressure may increase, pulling it towards S1 (56,729) and lower levels.
Disclaimer: lnkd.in/gJJDnvn2
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