📌 Weekly Recap:
Bank Nifty closed the week at 50,593.55, recording a strong gain of 5.27%.
Key Levels for the Upcoming Week
🔹 Price Action Pivot Zone:
The crucial range to watch for potential trend reversals or continuation is 50,482 - 50,707.
🔹 Support & Resistance Levels:
Support:
Resistance:
Market Outlook
✅ Bullish Scenario: A sustained move above 50,707 could drive buying momentum, pushing Bank Nifty towards R1 (51,046) and higher.
❌ Bearish Scenario: If the index falls below 50,482, selling pressure may intensify, dragging it towards S1 (50,146) and lower support levels.
Disclaimer: This analysis is for educational purposes only. Investors should conduct their own research before making any trading decisions.
Bank Nifty closed the week at 50,593.55, recording a strong gain of 5.27%.
Key Levels for the Upcoming Week
🔹 Price Action Pivot Zone:
The crucial range to watch for potential trend reversals or continuation is 50,482 - 50,707.
🔹 Support & Resistance Levels:
Support:
- S1: 50,146
- S2: 49,698
- S3: 46,956
Resistance:
- R1: 51,046
- R2: 51,470
- R3: 51,893
Market Outlook
✅ Bullish Scenario: A sustained move above 50,707 could drive buying momentum, pushing Bank Nifty towards R1 (51,046) and higher.
❌ Bearish Scenario: If the index falls below 50,482, selling pressure may intensify, dragging it towards S1 (50,146) and lower support levels.
Disclaimer: This analysis is for educational purposes only. Investors should conduct their own research before making any trading decisions.
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.