📍 Current Price
BANKNIFTY is trading around 55,319.55, up 0.31% for the day.
🛑 Support Levels (Downside)
55,146.55: Recent low; immediate support.
55,000: Psychological level; key support zone.
54,777.75: Stronger support; breaking this may trigger a larger sell-off.
🔺 Resistance Levels (Upside)
55,397.05: Recent high; near-term resistance.
55,500: Round number resistance; next hurdle.
55,628.40: Strong resistance; breakout here may extend uptrend.
✅ Trend & Outlook
The trend is mildly bullish; price is above key support zones and moving averages.
Resistance is nearby; unless BANKNIFTY breaks 55,500–55,628 decisively, upward move may face pressure.
Downside risk exists if it falls below 55,146–55,000.
BANKNIFTY is trading around 55,319.55, up 0.31% for the day.
🛑 Support Levels (Downside)
55,146.55: Recent low; immediate support.
55,000: Psychological level; key support zone.
54,777.75: Stronger support; breaking this may trigger a larger sell-off.
🔺 Resistance Levels (Upside)
55,397.05: Recent high; near-term resistance.
55,500: Round number resistance; next hurdle.
55,628.40: Strong resistance; breakout here may extend uptrend.
✅ Trend & Outlook
The trend is mildly bullish; price is above key support zones and moving averages.
Resistance is nearby; unless BANKNIFTY breaks 55,500–55,628 decisively, upward move may face pressure.
Downside risk exists if it falls below 55,146–55,000.
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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.
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.