Current Trend: BANKNIFTY is showing consolidation with mild bullish bias.
Support Zone: Strong support lies near 55,200 – 55,400. If this holds, buyers may remain active.
Resistance Zone: Key resistance is around 55,800 – 56,000. A breakout above this can bring strong momentum.
Indicators: Daily structure is stable; candles show demand near support zones.
Outlook:
Above 56,000 → fresh rally possible.
Below 55,200 → weakness can extend.
👉 In short:
Sideways to bullish.
Strength above 56,000, weakness below 55,200.
Support Zone: Strong support lies near 55,200 – 55,400. If this holds, buyers may remain active.
Resistance Zone: Key resistance is around 55,800 – 56,000. A breakout above this can bring strong momentum.
Indicators: Daily structure is stable; candles show demand near support zones.
Outlook:
Above 56,000 → fresh rally possible.
Below 55,200 → weakness can extend.
👉 In short:
Sideways to bullish.
Strength above 56,000, weakness below 55,200.
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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.
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.