The Bank Nifty ended the week at 54,809.30, gaining +1.28%.
Key Levels for the Upcoming Week
Price Action Pivot Zone:
54,693 to 54,927 – This blue-shaded range is the key area to watch. A breakout on either side could decide next week’s trend direction.
Support Levels
S1: 54,340
S2: 53,870
S3: 53,360
Resistance Levels
R1: 55,280
R2: 55,750
R3: 56,300
Market Outlook
Bullish Scenario:
If Bank Nifty sustains above 54,927, buyers may gain control, pushing the index toward R1 (55,280), followed by R2 (55,750) and R3 (56,300).
Bearish Scenario:
If the index falls below 54,693, sellers could dominate, leading the index toward S1 (54,340), and potentially to S2 (53,870) and S3 (53,360).
Disclaimer: lnkd.in/gJJDnvn2
Key Levels for the Upcoming Week
Price Action Pivot Zone:
54,693 to 54,927 – This blue-shaded range is the key area to watch. A breakout on either side could decide next week’s trend direction.
Support Levels
S1: 54,340
S2: 53,870
S3: 53,360
Resistance Levels
R1: 55,280
R2: 55,750
R3: 56,300
Market Outlook
Bullish Scenario:
If Bank Nifty sustains above 54,927, buyers may gain control, pushing the index toward R1 (55,280), followed by R2 (55,750) and R3 (56,300).
Bearish Scenario:
If the index falls below 54,693, sellers could dominate, leading the index toward S1 (54,340), and potentially to S2 (53,870) and S3 (53,360).
Disclaimer: lnkd.in/gJJDnvn2
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.
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.