Bank Nifty is expected to open flat to slightly positive near the 56,600 level, indicating a balanced start after a strong upward movement in the previous session. The index has shown resilience by maintaining higher lows on the chart, suggesting underlying bullish sentiment, but it now faces a key resistance zone ahead.
If Bank Nifty sustains above 56,550, a fresh upside move may unfold toward 56,750, 56,850, and 56,950+. A breakout beyond 56,950 could further strengthen the bullish structure, opening the path toward 57,200+.
On the downside, immediate support lies around 56,450–56,400. A fall below this zone may trigger mild profit-booking, dragging the index toward 56,250, 56,150, and 56,050-.
Overall, the trend remains positive with a short-term consolidation bias. Traders should focus on trading breakouts beyond 56,550 or breakdowns below 56,400, maintaining strict risk management.
If Bank Nifty sustains above 56,550, a fresh upside move may unfold toward 56,750, 56,850, and 56,950+. A breakout beyond 56,950 could further strengthen the bullish structure, opening the path toward 57,200+.
On the downside, immediate support lies around 56,450–56,400. A fall below this zone may trigger mild profit-booking, dragging the index toward 56,250, 56,150, and 56,050-.
Overall, the trend remains positive with a short-term consolidation bias. Traders should focus on trading breakouts beyond 56,550 or breakdowns below 56,400, maintaining strict risk management.
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