Bank Nifty Analysis (Next Trading Session / Short-Term View)
Bank Nifty closed around 54,055 on 22 May and has reclaimed the important 54,000 psychological level, indicating that buyers are still active. However, the index is approaching a strong resistance zone between 54,300–54,500, where multiple analysts are expecting selling pressure. A decisive breakout above this zone can trigger a fresh upmove.
Bullish Scenario
Sustain above 54,300
Breakout above 54,500
Targets: 54,900 → 55,200 → 55,800
Bearish Scenario
Failure near 54,300–54,500
Fall below 53,700
Targets: 53,500 → 53,300 → 52,900
Bank Nifty closed around 54,055 on 22 May and has reclaimed the important 54,000 psychological level, indicating that buyers are still active. However, the index is approaching a strong resistance zone between 54,300–54,500, where multiple analysts are expecting selling pressure. A decisive breakout above this zone can trigger a fresh upmove.
Bullish Scenario
Sustain above 54,300
Breakout above 54,500
Targets: 54,900 → 55,200 → 55,800
Bearish Scenario
Failure near 54,300–54,500
Fall below 53,700
Targets: 53,500 → 53,300 → 52,900
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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.
Related publications
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.