Nifty Bank Index
Long

BANKNIFTY 4Hour Time frame

4
📊 Current Snapshot

Current Price: ₹54,731

Day’s Range (4H): ₹54,600 – ₹54,800

Previous Close: ₹54,228

Opening Price (4H): ₹54,350

Volume: Moderate

🔑 Key Support & Resistance Levels

Immediate Support: ₹54,650

Next Support: ₹54,600

Immediate Resistance: ₹54,800

Next Resistance: ₹54,900

📈 Trend & Indicators

Trend: Mildly bullish; trading near short-term resistance.

RSI (14): ~64 – Neutral to slightly bullish.

MACD: Positive → indicates bullish momentum.

Moving Averages: Short-term averages indicate bullish bias.

🔮 Outlook

Bullish Scenario: Sustained move above ₹54,800 may push toward ₹54,900–₹55,000.

Bearish Scenario: Drop below ₹54,650 could lead to retracement toward ₹54,600.

Neutral Scenario: Consolidation between ₹54,650 – ₹54,800; breakout needed for directional move.

Disclaimer

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