Bank Nifty is expected to open slightly gap up near the 56,450 level. If the index sustains above 56,450, we may see a bullish continuation toward 56,550 and above. A move above the 56,550–56,600 zone can trigger further upside momentum with targets at 56,850, 56,950, and potentially 57,000+.
However, if Bank Nifty fails to hold above 56,450 and starts trading below 56,400, a short opportunity could arise. In that case, downside targets would be 56,250, 56,150, and 56,050. The 56,050 level will act as strong support for today's session, and only a break below this may invite a deeper correction.
However, if Bank Nifty fails to hold above 56,450 and starts trading below 56,400, a short opportunity could arise. In that case, downside targets would be 56,250, 56,150, and 56,050. The 56,050 level will act as strong support for today's session, and only a break below this may invite a deeper correction.
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📲 Forex App:tradzoo.com/forex/download
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