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BANKNIFTY : Trading levels and Plan for 30-Oct-2025BANK NIFTY TRADING PLAN – 30-Oct-2025 📊 Bank Nifty closed around 58,399, forming a near-term consolidation after a steady up-move. The index currently faces a key Opening & Last Intraday Resistance Zone at 58,584 – 58,666, while 58,330 acts as immediate opening support. The structure suggests a potential trending move once the index breaks out of this narrow consolidation. 🟩 SCENARIO 1: GAP-UP OPENING (200+ Points Above 58,666) If Bank Nifty opens above 58,666, it will indicate strong bullish sentiment with a possible extension toward the upper resistance levels. A gap-up opening above 58,666 may push the index toward 58,873, which is the next projected resistance. Sustaining above 58,666 with volume confirmation will invite momentum buying. However, if the price fails to hold above this zone and forms rejection wicks, expect intraday profit booking or a pullback toward 58,399 – 58,330. Avoid chasing longs immediately at open; instead, let the price settle for the first 15–30 minutes and wait for consolidation or breakout retest. 🧠 Educational Insight: Gap-ups often attract impulsive buying, but smart traders wait for confirmation candles and sustained volume. A minor retracement after a gap-up can offer a low-risk entry with better R:R. ⚙️ Plan of Action: → Go long only if price sustains above 58,666 with confirmation. → Maintain stop-loss below 58,399 (hourly close basis). → Profit targets: 58,873, followed by 58,950. 🟨 SCENARIO 2: FLAT OPENING (Between 58,330 – 58,399) A flat opening near the current close suggests an indecisive tone. Both bulls and bears will test each other near the resistance and support zones before a directional move develops. If the price holds above 58,399, expect a gradual test of 58,584 – 58,666 resistance. Sustained trade above 58,666 may invite intraday longs, targeting 58,873. Conversely, if Bank Nifty slips below 58,330, it may trigger mild selling pressure toward 58,118. Traders should focus on breakout confirmation candles rather than anticipating direction. 🧠 Educational Insight: A flat opening inside the previous day's range is often a setup for fake breakouts. Traders should remain neutral until a strong directional move appears beyond the identified levels. ⚙️ Plan of Action: → Avoid early entries; let the first 30 minutes define intraday bias. → Long bias only above 58,666; short bias below 58,330. → Respect intraday structure and avoid counter-trading against the prevailing move. 🟥 SCENARIO 3: GAP-DOWN OPENING (200+ Points Below 58,118) If Bank Nifty opens below 58,118, the sentiment may turn mildly bearish with scope for deeper retracement toward 57,917 or lower levels. Early buyers may attempt to defend 57,917 – 58,118, leading to a short-covering bounce. A sharp rejection from 57,917 can trigger a technical rebound toward 58,330. However, if the index fails to sustain above 58,118, fresh short positions may build up. Avoid catching falling knives; instead, wait for a reversal pattern or a reclaim of 58,118 before going long. 🧠 Educational Insight: Gap-downs near support zones often produce false panic. Patience and waiting for a proper reversal structure (like a double bottom or bullish engulfing) can give high-probability trades. ⚙️ Plan of Action: → Go short only if Bank Nifty fails to reclaim 58,118 post-gap-down. → Maintain stop-loss above 58,330. → Targets: 57,917 → 57,750 → 57,600. → For bullish reversal trades, wait for confirmation candle above 58,118 before entry. 💡 RISK MANAGEMENT TIPS FOR OPTIONS TRADERS Always wait for 15–30 minutes post-opening to avoid volatility traps. Focus on ATM or slightly ITM options for intraday momentum trades. Never risk more than 1–2% of trading capital per trade. Use trailing stop-loss after your trade moves in profit. Avoid over-leveraging—protecting capital ensures longevity in markets. Always mark your key levels on chart before market opens; it builds discipline. 📘 SUMMARY & CONCLUSION Key Resistance Levels: 58,584 → 58,666 → 58,873 Key Support Levels: 58,330 → 58,118 → 57,917 Trend Bias: Neutral-to-Positive, unless 58,118 breaks decisively 🔹 Bank Nifty is currently at a critical decision zone, with clear reaction levels identified. 🔹 A breakout above 58,666 will confirm bullish continuation, while a breach below 58,118 can trigger short-term weakness. 🔹 Focus on price action, volume, and breakout confirmations for high-probability setups. 🔹 Remember — the best traders don’t predict, they react intelligently. ⚠️ Disclaimer: I am not a SEBI-registered analyst. This analysis is purely for educational and informational purposes. Please perform your own research or consult a certified financial advisor before taking any trading decisions.
NSE:BANKNIFTYLong
by LiveTradingBox
[INTRADAY] #BANKNIFTY PE & CE Levels(30/10/2025)Bank Nifty is expected to open with a gap up near the 58,400–58,450 zone, continuing the positive sentiment seen in the previous session. The index is showing signs of strength as it trades above crucial support zones, indicating a possible continuation toward higher levels if momentum sustains after the opening. If Bank Nifty holds above 58,450–58,500, it can extend gains toward 58,650, 58,850, and 58,950+ levels. A breakout above 58,950 will further confirm bullish momentum and could lead to a strong rally toward 59,100–59,250 in the short term. On the downside, immediate support lies near 58,150–58,050. A fall below 58,050 may lead to a short-term pullback toward 57,850 and 57,650 zones. Overall, the sentiment remains bullish with a gap up opening, and as long as Bank Nifty sustains above 58,150, traders should focus on buying on dips with a trailing stop loss below 58,000 to protect profits during volatility.
NSE:BANKNIFTY
by TradZoo
[INTRADAY] #BANKNIFTY PE & CE Levels(16/10/2025)Bank Nifty is likely to open with a gap up near the 56,800–56,850 zone, reflecting strong positive momentum carried over from the previous session. The index is trading above key resistance levels, indicating buyer dominance and potential continuation toward higher targets. If Bank Nifty sustains above 56,850–56,900, we may see a further rally toward 57,050, 57,250, and 57,350+. A breakout above 57,450 will strengthen the bullish trend, opening the path toward 57,600+. On the downside, immediate support lies near 56,600–56,550. A drop below this level could trigger a minor pullback toward 56,400 and 56,250 zones. Overall, the sentiment remains bullish with a gap up opening, but traders should monitor price action near the 57,000–57,050 resistance zone for potential profit booking or reversal setups. Using a trailing stop loss is advised to protect gains in a trending market.
NSE:BANKNIFTY
by TradZoo
[INTRADAY] #BANKNIFTY PE & CE Levels(14/10/2025)Bank Nifty is expected to open flat around the 56,600 level, indicating a balanced start after yesterday’s range-bound movement. The index is currently consolidating within a narrow band, reflecting indecision among traders as it approaches key resistance and support zones. If Bank Nifty sustains above 56,550–56,600, a bullish breakout may trigger a move toward 56,750, 56,850, and 56,950+. A strong close above 56,950 will confirm a continuation of the uptrend toward 57,200+. On the downside, immediate support lies near 56,450–56,400. A breakdown below this zone could lead to mild profit-booking, taking the index lower toward 56,250, 56,150, and 56,050-. Overall, the market sentiment remains cautiously positive with a focus on consolidation. Traders should wait for a breakout beyond 56,600 or a breakdown below 56,400 for clear intraday direction, keeping strict stop-losses in place.
NSE:BANKNIFTY
by TradZoo
[INTRADAY] #BANKNIFTY PE & CE Levels(10/10/2025)Bank Nifty is expected to open flat to slightly positive near the 56,150 level. The index has been consolidating within a tight range between 55,950 and 56,450 over the past few sessions, indicating indecision among traders ahead of a potential breakout. A sustained move above 56,050–56,100 could lead to further upside momentum toward 56,250, 56,350, and 56,450+. If Bank Nifty manages to break and hold above 56,550, it can open the door for a strong rally toward 56,750–56,950+. On the downside, a slip below 55,950–55,900 may trigger selling pressure, dragging the index toward 55,750, 55,650, and 55,550-. Overall, the short-term trend remains sideways with a slight bullish bias. A breakout above 56,450 or a breakdown below 55,950 will likely decide the next directional move. Traders should stay patient and trade only on confirmation beyond these key levels.
NSE:BANKNIFTY
by TradZoo
BANKNIFTY : Trading levels and Plan for 06-Oct-2025BANK NIFTY TRADING PLAN – 06-Oct-2025 Bank Nifty closed at 55,596, showing strong recovery momentum from recent lows. The index now sits near a crucial decision zone with both support and resistance levels clearly defined. Tomorrow’s opening behavior will decide whether bullish momentum continues or if a pullback emerges. 📌 Key Levels to Watch: Opening Support Zone: 55,407 – 55,559 Opening Resistance: 55,835 Last Intraday Resistance: 56,050 Last Intraday Support: 55,178 & 55,031 🚀 Scenario 1: Gap Up Opening (200+ points) If Bank Nifty opens around 55,800 – 55,900, it will directly test the Opening Resistance (55,835) . A sustained breakout above 55,835 could trigger strong upside momentum towards 56,050 and potentially 56,200. However, rejection from resistance could invite profit booking back towards the 55,559 zone . Traders should avoid chasing the gap-up blindly and instead wait for either a breakout confirmation above 55,835 or a rejection signal. 👉 Educational Note: Gap-ups near major resistance zones often create traps. Always wait for a retest before confirming direction. ⚖️ Scenario 2: Flat Opening (within ±200 points) A flat start near 55,500 – 55,600 will keep the index inside the Opening Support Zone (55,407 – 55,559) . If prices hold this zone and break above 55,835, bullish continuation is expected towards 56,050. On the downside, a breakdown below 55,407 can push prices back to test 55,178 – 55,031 levels. Traders should be patient in the first 15–30 minutes to see if support holds or breaks. 👉 Educational Note: Flat openings usually lead to consolidation before a clear breakout. Look for range expansion setups to catch trending moves. 📉 Scenario 3: Gap Down Opening (200+ points) If Bank Nifty opens near or below 55,200 – 55,150, it will immediately test the Last Intraday Support at 55,178 . A breakdown below 55,178 can extend weakness towards 55,031 – 54,900. However, if support holds strongly around 55,178 – 55,031, a short-covering rally towards 55,500+ is highly possible. Patience is crucial – avoid aggressive shorts unless 55,178 breaks with strong volume confirmation. 👉 Educational Note: Gap-downs often bring panic selling at open but also provide reversal opportunities if major supports are respected. 🛡️ Risk Management Tips for Options Traders 🕒 Avoid impulsive trades in the first 15–30 minutes; let volatility settle. 🛑 Place stop losses based on 15-min/hourly closes rather than quick spikes. 📉 Prefer spreads (Bull Call / Bear Put) to reduce impact of premium decay. 🎯 Target a 1:2 Risk-Reward ratio minimum for all trades. 💰 Book partial profits at key resistance/support levels to lock gains. 🚫 Don’t risk more than 2–3% of your total capital on a single trade. 📌 Summary & Conclusion Bullish Bias: Above 55,835, targets 56,050 → 56,200. Neutral Zone: Between 55,407 – 55,835, expect consolidation and choppy action. Bearish Bias: Below 55,178, weakness likely towards 55,031 – 54,900. 📊 Bank Nifty is positioned at a critical junction. A breakout above resistance could extend the ongoing bullish momentum, while a breakdown below support could trigger fresh selling. The best approach is to follow confirmation signals and manage trades with strict discipline. ⚠️ Disclaimer: This analysis is purely for educational purposes. I am not a SEBI-registered analyst. Please do your own research or consult with a financial advisor before making trading decisions.
NSE:BANKNIFTYLong
by LiveTradingBox
[INTRADAY] #BANKNIFTY PE & CE Levels(30/09/2025)Bank Nifty is likely to witness a flat opening near the 54,500 levels. The index is currently trading around a critical zone where both support and resistance levels are closely placed, suggesting that the market may remain range-bound initially before a clear breakout direction emerges. On the upside, if Bank Nifty manages to sustain above 54,550–54,600, it can trigger a bullish move toward 54,750, 54,850, and 54,950+. A strong close above these levels will further strengthen the positive momentum. On the downside, immediate support is seen around 54,450–54,400. A breakdown below this zone may open the gates for further weakness toward 54,250, 54,150, and 54,050-. Overall, Bank Nifty is consolidating in a tight range, and traders should wait for a breakout on either side to confirm the next trend. Following strict stop-losses and trailing profits is advised, as false breakouts are also possible in such flat openings.
NSE:BANKNIFTY
by TradZoo
[INTRADAY] #BANKNIFTY PE & CE Levels(26/09/2025)Bank Nifty is expected to open slightly gap down near the 55,000 zone, reflecting cautious sentiment in the market. On the upside, a strong move above 55,050–55,100 will be key for bulls, as it may trigger a rally toward 55,250, 55,350, and 55,450+. Sustaining above these levels could add further strength. On the downside, immediate support lies at 54,950, and a breakdown below this level may accelerate selling pressure, dragging the index lower toward 54,750, 54,650, and 54,550-. Overall, the index is at a crucial juncture where both sides are open for possibilities. Traders should watch the breakout and breakdown levels closely and align positions accordingly. With a slightly gap-down start, risk management with strict stop-losses will be essential to handle intraday volatility.
NSE:BANKNIFTY
by TradZoo
[INTRADAY] #BANKNIFTY PE & CE Levels(18/09/2025)For Bank Nifty, the index is likely to open around the 55,500 mark, indicating a positive start. Sustaining above the crucial zone of 55,050–55,100 will be key for maintaining bullish momentum. If this level holds, the index may witness an upside move toward 55,250, 55,350, and 55,450+. A breakout and close above 55,550 will further strengthen the upward trend, paving the way for higher levels at 55,750–55,950+. On the downside, immediate support is placed at 54,950–54,900. If this zone fails to hold, weakness could emerge, dragging the index lower toward 54,750 and further down to 54,550-. These levels will act as important short-term supports for traders to watch. Overall, the structure remains bullish with a gap-up opening, but profit booking around resistance levels cannot be ruled out. Traders should look for opportunities on the upside while keeping strict stop-losses to manage risk effectively.
NSE:BANKNIFTY
by TradZoo
[INTRADAY] #BANKNIFTY PE & CE Levels(12/09/2025)Bank Nifty is expected to open with a gap up, reflecting positive sentiment in the market. The index has been consolidating within a tight range, and today’s opening may provide fresh directional cues depending on how it reacts around the key levels. On the upside, if Bank Nifty sustains above the 54,550–54,600 zone, a bullish move can be anticipated. In this scenario, call option buying or long positions can target levels of 54,750, 54,850, and 54,950+. A further breakout above 55,050 may open the door for an extended rally towards 55,250 and 55,350 levels. On the downside, if the index fails to hold above 54,550 and slips below 54,450–54,400, weakness may emerge. This could drag Bank Nifty towards 54,250, 54,150, and 54,050 levels, where strong support is placed. Overall, the sentiment remains mildly bullish with a gap up opening, but traders should watch whether Bank Nifty sustains above the breakout zones for a clear intraday trend. Maintaining strict stop-losses remains crucial to manage risk in such range-bound yet volatile conditions.
NSE:BANKNIFTY
by TradZoo
[INTRADAY] #BANKNIFTY PE & CE Levels(11/09/2025)Bank Nifty is expected to witness a slightly gap up opening, indicating a steady start after recent range-bound sessions. The index continues to consolidate near crucial resistance and support levels, and today’s movement will play an important role in setting the tone for intraday trades. On the upside, if Bank Nifty sustains above the 54,550–54,600 zone, buying momentum may strengthen. This could lead to an upward move towards 54,750, 54,850, and 54,950+, where further resistance is expected. A breakout above 54,950 will open the possibility of an extended rally. On the downside, if the index slips below 54,450–54,400, selling pressure may emerge. This can drag Bank Nifty towards 54,250, 54,150, and 54,050 levels, with deeper declines possible if 54,050 fails to hold. Overall, the market remains neutral to range-bound with both bullish and bearish opportunities available around key breakout levels. Traders are advised to wait for confirmation and trade with strict stop-losses to manage risk effectively.
NSE:BANKNIFTY
by TradZoo
[INTRADAY] #BANKNIFTY PE & CE Levels(09/09/2025)Bank Nifty is expected to open with a gap up today, signaling a positive start to the session. The index is currently trading within a key range, and today’s price action could provide clearer directional cues for intraday traders. On the upside, buying opportunities will strengthen if Bank Nifty sustains above 54,550. A breakout above this level may trigger further bullish momentum, with upside targets at 54,750, 54,850, and 54,950+. Traders can also look for an early entry if the index moves between 54,050–54,100, where call options may perform well with targets at 54,250, 54,350, and 54,450+. On the downside, immediate weakness could appear if the index falls below 54,450–54,400. In such a case, put options may gain momentum, with downside targets at 54,250, 54,150, and 54,050. A deeper correction is likely only if Bank Nifty slips below 53,950, opening room for further declines toward 53,750, 53,650, and 53,550. Overall, the market tone is positive with a gap up opening, but traders should stay cautious around resistance zones. Clear directional trades can be planned based on price action above 54,550 or below 54,400, with strict stop-losses to manage risk.
NSE:BANKNIFTY
by TradZoo
[INTRADAY] #BANKNIFTY PE & CE Levels(08/09/2025)Bank Nifty is expected to open on a flat note, suggesting a cautious start to the session after recent range-bound moves. The index has been consolidating near key levels, and traders should closely track price action for directional confirmation. On the upside, strength can be anticipated if Bank Nifty sustains above 54,050–54,100. A move above this zone could trigger a bullish momentum, with potential upside targets at 54,250, 54,350, and 54,450+. A sustained rally beyond these levels could further strengthen the short-term bullish sentiment. On the downside, weakness may emerge if the index breaks below 53,950. A fall under this support may lead to further declines toward 53,750, 53,650, and 53,550. These levels will act as critical intraday supports, and a breakdown could open the gates for deeper correction. Overall, with a flat opening on the cards, Bank Nifty is likely to remain volatile within the defined range. Traders should watch for a breakout above 54,100 or a breakdown below 53,950 for clear intraday opportunities, while keeping a strict stop-loss to manage risk effectively.
NSE:BANKNIFTY
by TradZoo
[INTRADAY] #BANKNIFTY PE & CE Levels(05/09/2025)Bank Nifty is expected to see a slightly gap up opening, continuing the positive sentiment from yesterday’s recovery. The index has been trading in a defined range, and today’s move will be crucial in deciding the intraday trend. On the upside, a sustained move above 54,050–54,100 will open the door for further strength. In this case, traders can look to buy CE options with immediate upside targets at 54,250, 54,350, and 54,450+. A breakout above 54,550 will act as a major trigger for momentum, potentially extending the rally towards 54,750, 54,850, and 54,950+. On the downside, if Bank Nifty slips below 54,450–54,400 levels, selling pressure may build up again. In that scenario, PE options can be considered, with downside targets at 54,250, 54,150, and 54,050. A further breakdown below 53,950 will add to the bearish momentum, dragging the index towards 53,750, 53,650, and 53,550 levels. Overall, with a slightly gap up opening, Bank Nifty remains in a critical zone where both upside breakout and downside reversal are possible.
NSE:BANKNIFTY
by TradZoo
[INTRADAY] #BANKNIFTY PE & CE Levels(29/08/2025)Bank Nifty is likely to witness a slightly gap-up opening today after a weak closing in the previous session. The index is currently hovering near the 53,900 zone, which is a key support area for intraday sentiment. If Bank Nifty sustains above 54,050, it may trigger a short-term correction rally, paving the way for an upside move toward 54,250, 54,350, and 54,450+. This zone will act as a crucial resistance, and only a strong breakout above it can confirm further recovery. On the downside, failure to hold 54,000–53,950 levels may keep the pressure intact. A breakdown below 53,950 could extend the fall toward 53,750, 53,650, and 53,550. Traders should remain cautious as volatility is expected, and intraday price action near these levels will decide the direction for the day. Overall, Bank Nifty remains in a weak-to-neutral zone, but a sustained close above 54,050 may provide relief for bulls. Traders are advised to maintain strict stop losses and look for opportunities in line with intraday momentum.
NSE:BANKNIFTY
by TradZoo
BANKNIFTY MATHEMATICAL LEVELS These Levels are based on purely mathematical calculations. How to use these levels :- * Mark these levels on your chart. * Safe players Can use 15 min Time Frame * Risky Traders Can use 5 min. Time Frame * When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking candle. * Targets will be another level marked on chart * Stop Loss will be Low/High of that Breaking Candle. * Trail your SL with every candle. * Avoid Big Candles as SL will be high then. * This is one of the Best Risk Reward Setup. For Educational purpose only
NSE:BANKNIFTY
by StocksOptionBlaster
[INTRADAY] #BANKNIFTY PE & CE Levels(28/08/2025)Bank Nifty is expected to witness a gap-down opening today, reflecting weakness in sentiment as the index continues to face selling pressure. The price action has slipped below the 54,450–54,400 zone, which now acts as a crucial resistance level for the day. Sustained trading below this zone may trigger further downside moves, with immediate support seen at 54,250 and 54,150. A break below these levels could accelerate weakness toward 54,050 and extend further toward 53,750–53,550 zones. On the upside, recovery attempts will gain strength only if Bank Nifty manages to reclaim 54,550–54,600 levels. In such a case, a pullback rally could push the index towards 54,750, 54,850, and 54,950. However, this zone is likely to act as a strong hurdle unless broader sentiment improves. Overall, the bias remains negative as long as the index trades below 54,450, with traders advised to maintain a cautious approach. Intraday moves are expected to remain volatile, and strict risk management will be key to navigating today’s session.
NSE:BANKNIFTY
by TradZoo
[INTRADAY] #BANKNIFTY PE & CE Levels(25/08/2025)Bank Nifty is expected to open with a slight gap up today, hinting at a mildly positive start after the recent corrective move. However, the index continues to trade near crucial support levels, and price action in the early session will be important to decide intraday direction. On the upside, strength will only be visible if Bank Nifty sustains above 55,550–55,600. In that case, a recovery rally can be seen towards 55,750, 55,850, and 55,950+, with further momentum opening the path towards 56,000 levels. Sustaining above 56,000 could provide the much-needed confidence for bulls to regain control. On the downside, if the index fails to hold above 55,150 and slips below 55,000, fresh weakness may emerge. In such a scenario, immediate targets will be around 54,750, 54,650, and 54,550 levels. A decisive breakdown below 54,550 could invite deeper selling pressure, dragging Bank Nifty closer to the 54,300–54,200 zone. Overall, the index is at a delicate stage where bulls need to defend higher zones, while bears are looking for a breakdown below key support levels. Traders are advised to stay cautious, follow strict stop losses, and book partial profits at important levels.
NSE:BANKNIFTY
by TradZoo
BANKNIFTY MATHEMATICAL LEVELSThese Levels are based on purely mathematical calculations. How to use these levels :- * Mark these levels on your chart. * Safe players Can use 15 min Time Frame * Risky Traders Can use 5 min. Time Frame * When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking candle. * Targets will be another level marked on chart * Stop Loss will be Low/High of that Breaking Candle. * Trail your SL with every candle. * Avoid Big Candles as SL will be high then. * This is one of the Best Risk Reward Setup. For Educational purpose only
NSE:BANKNIFTY
by StocksOptionBlaster
BANKNIFTY MATHEMATICAL LEVELS These Levels are based on purely mathematical calculations. How to use these levels :- * Mark these levels on your chart. * Safe players Can use 15 min Time Frame * Risky Traders Can use 5 min. Time Frame * When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking candle. * Targets will be another level marked on chart * Stop Loss will be Low/High of that Breaking Candle. * Trail your SL with every candle. * Avoid Big Candles as SL will be high then. * This is one of the Best Risk Reward Setup. For Educational purpose only
NSE:BANKNIFTY
by StocksOptionBlaster
BANKNIFTY MATHEMATICAL LEVELSThese Levels are based on purely mathematical calculations. How to use these levels :- * Mark these levels on your chart. * Safe players Can use 15 min Time Frame * Risky Traders Can use 5 min. Time Frame * When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking candle. * Targets will be another level marked on chart * Stop Loss will be Low/High of that Breaking Candle. * Trail your SL with every candle. * Avoid Big Candles as SL will be high then. * This is one of the Best Risk Reward Setup. For Educational purpose only
NSE:BANKNIFTY
by StocksOptionBlaster
[INTRADAY] #BANKNIFTY PE & CE Levels(07/08/2025)Bank Nifty is expected to open flat near the 55,400–55,450 zone, which has acted as a pivotal area in the recent sessions. The index has shown repeated price action around this level, suggesting a phase of consolidation. A breakout from this zone could lead to a directional move. If the index manages to sustain above the 55,550–55,600 level, it may trigger bullish momentum with potential upside targets at 55,750, 55,850, and 55,950+. This zone is crucial as it aligns with previous resistance areas and could attract fresh buying interest on a breakout. Conversely, if Bank Nifty fails to hold above the 55,450–55,400 support band and starts trading lower, it could initiate a downward move toward 55,250, 55,150, and 55,050-. A break below 54,950 may accelerate the decline, opening the way toward 54,750, 54,650, and even 54,550-.
NSE:BANKNIFTY
by TradZoo