Bank Nifty ended the week at 56,578.40 with a gain of 1.49%
Key Levels for the Upcoming Week
🔹 Price Action Pivot Zone:
The critical range to monitor for potential trend reversals or continuation is 56,706 to 56,469
🔹 Support & Resistance Levels:
Support Levels:
Resistance Levels:
Market Outlook
✅ Bullish Scenario: A sustained move above 56,706 could trigger buying momentum, potentially driving Bank Nifty towards R1 (57,065) and beyond.
❌ Bearish Scenario: If the index falls below 56,469, selling pressure may increase, pulling it towards S1 (56,113) 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 56,706 to 56,469
🔹 Support & Resistance Levels:
Support Levels:
- S1: 56,113
- S2: 55,639
- S3: 55,053
Resistance Levels:
- R1: 57,065
- R2: 57,543
- R3: 58,133
Market Outlook
✅ Bullish Scenario: A sustained move above 56,706 could trigger buying momentum, potentially driving Bank Nifty towards R1 (57,065) and beyond.
❌ Bearish Scenario: If the index falls below 56,469, selling pressure may increase, pulling it towards S1 (56,113) and lower levels.
Disclaimer: lnkd.in/gJJDnvn2
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