Hi all,
Chart Overview:
Bank Nifty is currently trading within a well-defined range between a strong resistance zone (Selling Zone) and a gap-filling support zone.
Resistance Zone (Supply Area)
Level: ₹56,610 – ₹56,720
Price reacted sharply to this zone, indicating active selling pressure.
Any bullish breakout needs to cross this zone convincingly with volume.
Support Zone (Gap Filling Area)
Level: ₹56,000 – ₹56,120
This zone also aligns with:
🔸 Fib 0.786: ₹56,011
🔸 Fib 0.886: ₹55,903
Acts as critical demand zone for intraday traders and swing levels.
Thanks.
Regards
Bull Man
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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.