Nifty Bank - Downward Breakout Confirmation?

NSE:BANKNIFTY   Nifty Bank Index
Key Points:

  • Nifty Bank currently at 46000, a key resistance area.
  • Previous attempt to break resistance resulted in sideways consolidation (distribution phase).
  • Recent breakdown with volume suggests potential bearish continuation.
  • Wait for pullback towards 46300 for confirmation and short entry.

Technical Analysis:

  • Resistance zone around 46000 previously tested and failed.
  • Sideways movement for months indicates distribution of holdings.
  • Breakout with volume on the downside confirms bearish momentum.



  • Enter short position if Nifty Bank pulls back to 46300 with confirmation (e.g., bearish candlestick pattern).
  • Set stop-loss above 46600 to limit potential losses.
  • Target initial downside levels at 45400 and 44800.


Wait for further confirmation of the breakdown before taking a position.
Monitor price action and volume to assess strength of bearish momentum.


This is for informational purposes only and not financial advice.
Always do your own research before making investment decisions.


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