Bank Nifty is moving within a descending channel on the 1-hour chart.
Immediate support: 55,000–55,200.
Intraday strength likely above 55,950, while weakness may emerge below 55,000.
Short-term Buy Setup: Buy above 55,820 → Targets: 55,910, 56,030, 56,150; Stop-loss: 55,650.
Short-term Sell Setup: Sell below 55,550 → Targets: 55,460, 54,305, 54,150; Stop-loss: 55,800
Positional Support / Resistance (Earnometer)
Support zones: 55,364, 54,865, 52,606.
Resistance zones: 55,899, 56,077, 56,261, 56,332, 56,500, 56,566
Pivot Levels (Investing.com India)
Classic pivots:
Support: S1 = 55,527.8; S2 = 55,586.85; S3 = 55,701.35
Pivot Point (PP): 55,760.4
Resistance: R1 = 55,874.9; R2 = 55,933.95; R3 = 56,048.45
Fibonacci pivots:
S1 = 55,586.85; S2 = 55,653.15; S3 = 55,694.1
PP = 55,760.4
R1 = 55,826.7; R2 = 55,867.65; R3 = 55,933.95
Immediate support: 55,000–55,200.
Intraday strength likely above 55,950, while weakness may emerge below 55,000.
Short-term Buy Setup: Buy above 55,820 → Targets: 55,910, 56,030, 56,150; Stop-loss: 55,650.
Short-term Sell Setup: Sell below 55,550 → Targets: 55,460, 54,305, 54,150; Stop-loss: 55,800
Positional Support / Resistance (Earnometer)
Support zones: 55,364, 54,865, 52,606.
Resistance zones: 55,899, 56,077, 56,261, 56,332, 56,500, 56,566
Pivot Levels (Investing.com India)
Classic pivots:
Support: S1 = 55,527.8; S2 = 55,586.85; S3 = 55,701.35
Pivot Point (PP): 55,760.4
Resistance: R1 = 55,874.9; R2 = 55,933.95; R3 = 56,048.45
Fibonacci pivots:
S1 = 55,586.85; S2 = 55,653.15; S3 = 55,694.1
PP = 55,760.4
R1 = 55,826.7; R2 = 55,867.65; R3 = 55,933.95
I built a Buy & Sell Signal Indicator with 85% accuracy.
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| Email: techncialexpress@gmail.com
| Script Coder | Trader | Investor | From India
📈 Get access via DM or
WhatsApp: wa.link/d997q0
| Email: techncialexpress@gmail.com
| Script Coder | Trader | Investor | From India
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I built a Buy & Sell Signal Indicator with 85% accuracy.
📈 Get access via DM or
WhatsApp: wa.link/d997q0
| Email: techncialexpress@gmail.com
| Script Coder | Trader | Investor | From India
📈 Get access via DM or
WhatsApp: wa.link/d997q0
| Email: techncialexpress@gmail.com
| Script Coder | Trader | Investor | From India
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.