Weekly Recap:
The Bank Nifty closed the week at 48344.70, posting a decline of -1.30%.
Key Weekly Levels for Next Week
Price Action Pivot Zone:
The crucial range to watch for potential reversals or trend continuation is 48,236 - 48,455
Support & Resistance Levels:
Support Levels:
S1: 47,907
S2: 47,470
S3: 46,956
Resistance Levels:
R1: 47,907
R2: 47,470
R3: 46,956
Market Outlook:
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
The Bank Nifty closed the week at 48344.70, posting a decline of -1.30%.
Key Weekly Levels for Next Week
Price Action Pivot Zone:
The crucial range to watch for potential reversals or trend continuation is 48,236 - 48,455
Support & Resistance Levels:
Support Levels:
S1: 47,907
S2: 47,470
S3: 46,956
Resistance Levels:
R1: 47,907
R2: 47,470
R3: 46,956
Market Outlook:
- Bullish Scenario: If Bank Nifty sustains above 48,455, it could see buying interest, potentially pushing towards R1 at 48787 and higher levels.
- Bearish Scenario: A breakdown below 48,236 could trigger further downside pressure, targeting S1 at 47,907 and lower support levels.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please conduct your own research before making any investment 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.