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Technical Analysis

This Tata Motors Pattern Could Change Everything!Tata Motors weekly chart is painting a fascinating picture right now! 📊 Price action is dancing around the 61.8% Fibonacci retracement - a golden ratio traders love to watch. 🎯What makes this even more intriguing? The 200 EMA is playing perfect host to this consolidation party ✨While a symmetrical triangle pattern quietly takes shape. It's like watching three technical forces align in one. Keeping it simple . ⚠️ This analysis is for educational purposes only and should not be considered as financial advice. Trading and investing in stocks involves substantial risk of loss. Please conduct your own research and consult with a qualified financial advisor before making any investment decisions
NSE:TATAMOTORSLong
by Averoy_Apoorv_Analysis
NSE:ZYDUSLIFE - Reverse Head & Shoulder Breakout (in progress)NSE:ZYDUSLIFE is showing a strong breakout (in progress) of a reserve H&S pattern on weekly charts. The stock had a nice run earlier from Jun-23 to Aug-24, and after a decent retracement, it is now ready for the next leg of the bull run. Targets and SL update in the chart. Disclaimer: This post is for educational purposes only and must not be construed as advice to buy/sell. Please consult your investment advisor before making a financial decision. Investments are subject to market risks!
NSE:ZYDUSLIFELong
by TheWealthVector
#NIFTY Intraday Support and Resistance Levels - 08/09/2025Nifty is likely to witness a flat opening today, reflecting indecisiveness among traders after recent swings. The index is trading near crucial support and resistance levels, making today’s session important for directional clarity. On the upside, strength may build if Nifty sustains above 24,750–24,800. A successful move above this zone can trigger a rally toward 24,850, 24,900, and 24,950+. If momentum continues, it could extend further toward the 25,000 psychological mark, strengthening the bullish outlook. On the downside, if Nifty slips below 24,700, selling pressure may intensify. A breakdown under this level could open the path toward 24,650, 24,600, and 24,500. These supports will be key for traders to watch, as failure to hold could drag the index into deeper weakness. Overall, with a flat start on the cards, Nifty is expected to remain volatile within this range. Traders should adopt a cautious intraday approach, waiting for a clear breakout above 24,800 or a breakdown below 24,700 to initiate directional trades, while keeping strict stop-losses in place.
NSE:NIFTY
by TradZoo
Perfect Symmetrical Triangle Chart Pattern💡 Chart Pattern Education Symmetrical triangles are powerful continuation patterns that form when buyers and sellers reach equilibrium. The converging trendlines create a coiling effect, building pressure for the next major directional move. Studies show 68-75% success rate when traded with proper volume confirmation. ⚡ Matching the Chart shown and the above definition ✅ Higher lows trend intact on support trendline ✅ Lower highs forming clean resistance line ✅ Consolidation phase showing market indecision ✅ Volume declining as expected in triangle patterns ✅ Multiple timeframe confirmation visible Disclaimer: This analysis is for educational and informational purposes only and does not constitute financial advice or a recommendation to buy or sell any security. Trading involves risk, and past performance is not indicative of future results. Traders should conduct their own due diligence and consider their risk tolerance before making any trading decisions
NSE:E2ELong
by Averoy_Apoorv_Analysis
#NIFTY Intraday Support and Resistance Levels - 05/09/2025Nifty is likely to witness a slightly gap up opening, indicating a positive start to the session. The index has been consolidating in a narrow range, and today’s price action will be crucial for a directional move. On the upside, if Nifty sustains above 24,700–24,750, it may trigger a bullish momentum. Traders can look for long opportunities in this zone with potential targets at 24,850, 24,900, and 24,950+. A breakout above 24,950 could further extend the rally, strengthening the upward bias. On the downside, weakness may emerge if Nifty slips below the 24,700 level. A sustained move below this support could open the gates for a short opportunity, with downside targets at 24,650, 24,600, and 24,500. These levels will act as strong intraday supports and need to be watched closely. Overall, with a slightly gap up opening, Nifty remains in a neutral-to-positive zone. A breakout above 24,750 will favor the bulls, while a fall below 24,700 may hand over control to the bears. Traders should remain cautious, trade with confirmation, and maintain proper stop-loss levels.
NSE:NIFTY
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
Atul Auto | MTF Fibonacci Confluence structuresWeekly Chart Analysis – Drew a multi-timeframe Fibonacci from the 119.35 low (Mar ’20) to the 844.60 high (Oct ’24) on the Monthly time frame . – Highlighted the 50–61.8% retracement zone (481.95–396.40) as an orange supply/demand area. – Circles mark historical pivots where price reacted as support or resistance within this zone. Key Observations -Price consistently respected the 50–61.8% band during prior rallies and pullbacks. -Recent price action formed a contracting triangle (CT) at the lower edge of the Fibonacci zone. -Volume contraction noted inside the triangle, suggesting supply–demand equilibrium. Disclaimer: This analysis is provided for educational and informational purposes only and does not constitute financial advice. Trading involves risk, and you should perform your own research and consider your risk tolerance before making any trading decisions.
NSE:ATULAUTOLong
by Averoy_Apoorv_Analysis
M&M (Mahindra & Mahindra)It's been a while since M&M is testing this resistance. Looking strong, moving above key EMAs, good volume, continuously contracting near the resistance. If it sustains this level then it may give a good upside move. Keep eyes on it. Must use SL, it always safeguard your Capital. ✅ If you like my analysis, please follow me as a token of appreciation :) in.tradingview.com/u/SatpalS/ 📌 For learning and educational purposes only, not a recommendation. Please consult your financial advisor before investing.
NSE:M&M
by SatpalS
XAUUSD – Gold Stalls as USD Regains StrengthThe ISM Services PMI was reported at 50.9, higher than the previous 50.1 and still above the 50 threshold – indicating that the U.S. services sector remains in expansion. This is a sign that the U.S. economy is still resilient, and the USD immediately benefited. With a stronger dollar, it’s natural for gold to come under corrective pressure. On the 8H chart, after a sharp rally, XAUUSD was capped at the 3,579 USD resistance . From there, price showed a reversal signal and started to retreat. The nearest support lies around 3,465 USD, and if this level is broken, the probability of a deeper decline increases significantly – especially as the fundamentals continue to favor the greenback. In the short term , I favor a bearish scenario: sell while price stays below 3,579, targeting 3,465. Only a clear close above 3,579 would bring the bullish outlook back, but for now, gold looks set for a correction.
OANDA:XAUUSDShort
by Rocky_trade_
2
#NIFTY Intraday Support and Resistance Levels - 04/09/2025Nifty is likely to witness a gap up opening near 24,950 levels, indicating a continuation of bullish momentum from the previous sessions. The index has been consolidating in a tight range, and today’s opening could decide the next leg of the trend. On the upside, if Nifty sustains above the 24,950–25,000 zone, it may lead to a sharp rally. In this scenario, the immediate upside targets are placed at 25,150, 25,200, and 25,250+. A breakout above 25,250 will further strengthen the bullish trend and may open the path for higher levels in the coming sessions. On the downside, if the index fails to hold above 24,700–24,750 levels, some profit booking may drag Nifty lower. A breakdown below 24,700 could trigger weakness, with downside targets at 24,650, 24,600, and 24,500. Sustained trade below 24,500 may bring more pressure, extending the fall toward 24,350–24,300 zones. Overall, Nifty is starting the session on a positive note with a gap up opening near 24,950, but it remains in a consolidation zone. Traders should watch for a breakout above resistance levels for bullish confirmation or a breakdown below support zones for a reversal trade. Strict stop-losses are recommended to manage volatility.
NSE:NIFTY
by TradZoo
Jindal Steel Breakout Study | Momentum, Volume & Key Levels📊 STWP Stock Analysis – JINDAL STEEL (3rd Sept 2025) Price Action: Jindal Steel surged to a CMP of ₹1028.35, marking an impressive +5.46% gain on the day. The stock is currently riding on strong momentum with a clear bullish crossover trend, signaling further upside potential. However, traders must remain cautious as the risk level is high, fueled by sharp price swings. What adds conviction to the move is the heavy volume participation, showing strong market interest and active participation by investors. Volume & Participation Jindal Steel witnessed a massive trading volume of 45.2 lakh shares today, almost 2x its 20-SMA average of 19.9 lakh shares (Volx: 1.98x ). This sharp surge in participation clearly highlights the presence of strong hands in action, adding weight to the bullish move and reinforcing market conviction. Indicator Check The indicators are painting a mixed yet insightful picture for Jindal Steel. The RSI at 61.1 shows strong momentum, while the CCI at 109 confirms a bullish bias. However, the MACD at -1.07 signals a slight bearish crossover, which needs monitoring. Meanwhile, the Stochastic at 98 suggests the stock is overbought, hinting at possible short-term profit booking. Importantly, prices remain above all key EMAs, reinforcing the broader bullish structure. Key levels Resistance: 1048/1067/1105 Support: 991/953/934 📰 Latest News Snapshot — JINDALSTEL Jindal Steel & Power is making headlines on multiple fronts. In its Q1 FY26 results (Aug 12, 2025), the company delivered a strong turnaround with net profit at ₹1,494 crore, aided by a 32% QoQ jump in EBITDA and healthier margins at 24.4%, though revenues softened to about ₹12,294 crore. On the operational side, JSPL commissioned its first continuous galvanising line (CGL-1) at Angul, Odisha, enhancing its ability to supply value-added coated steel for automobiles, appliances, infrastructure, and construction — a big step in product diversification. Meanwhile, the market responded positively as the stock surged 4–5% on heavy volumes on September 3, 2025, also factoring in its recent ₹2/share final dividend declaration. 🧭 Sentiment Outlook & Investment Perspective Jindal Steel & Power is showing a moderately positive outlook, backed by a strong turnaround in profitability with margins and EBITDA improving, while its new galvanising line at Angul adds valuable capacity in coated steel for autos, appliances, and infrastructure — a move that strengthens its long-term product mix and earnings potential. The recent surge in trading volumes and price action highlights strong market participation, which can attract further momentum buying in the near term. However, risks remain in the form of softer revenues, exposure to the cyclical swings of steel prices and exports, and the possibility of short-term corrections after sharp rallies. In the short term, volatility may stay elevated as the stock digests its recent gains, but in the long term, the focus on higher-margin products and disciplined capacity expansion positions the company constructively for sustainable growth — making it a stock to watch with cautious optimism. 🚀 Bullish Momentum The stock is also riding on strong technical momentum, with a Bullish Marubozu candle and an Open = Low setup, both pointing to firm buying support. A Bollinger Band breakout following a BB squeeze indicates the potential for sharp price expansion. Adding to the momentum, an RSI breakout, combined with a powerful bullish candle structure, confirms the strength of the move. The setup even aligns with a possible Buy Today, Sell Tomorrow (BTST) opportunity, making the near-term trend look decisively bullish. 📊 STWP Trade Analysis – JINDAL STEEL JINDAL STEEL is showing strong momentum supported by volume. I will consider my entry near ₹1030 as part of a breakout setup. If the stock dips closer to ₹1015, I will look at that as a more conservative entry with tighter risk, which suits my swing trading approach. For me, the pullback level around ₹954.25 is an important support zone where buyers might re-enter, while the invalidation level near ₹910 would signal that my bullish view has failed. On the upside, I will be watching ₹1117 and ₹1205 as possible target zones if momentum continues. 🚀 ⚠️ Disclaimer – Please Read Carefully The information shared here is meant purely for learning and awareness. It is not a buy or sell recommendation and should not be taken as investment advice. I am not a SEBI-registered investment advisor, and all views expressed are based on personal study, chart patterns, and publicly available market data. Trading — whether in stocks or options — carries risk. Markets can move unexpectedly, and losses can sometimes exceed the money you have invested. Past performance or past setups do not guarantee future results. If you are a beginner, treat this as a guide to understand how the market works — practice on paper trades before risking real money. If you are experienced, always assess your own risk, position sizing, and strategy suitability before entering trades. Consult a SEBI-registered financial advisor before making any real trading decision. By engaging with this content, you acknowledge full responsibility for your trades and investments. 💬 Found this useful? 🔼 Give this post a Boost to help more traders discover clean, structured learning. ✍️ Drop your thoughts, questions, or setups in the comments — let’s grow together! 🔁 Share with fellow traders and beginners to spread awareness. 👉 “If you liked this breakdown, follow for more clean, structured setups with discipline at the core.” 🚀 Stay Calm. Stay Clean. Trade With Patience. Trade Smart | Learn Zones | Be Self-Reliant 📊
NSE:JINDALSTELLong
by simpletradewithpatience
#NIFTY Intraday Support and Resistance Levels - 03/09/2025Nifty is expected to witness a slightly gap down opening today, indicating mild pressure in the index after the recent bounce. The price structure shows that the market is consolidating within a broader range, and today’s opening could set the tone for intraday moves. On the upside, if Nifty sustains above 24,500–24,550 levels, buying momentum may return. In such a case, the index can move higher toward 24,650, 24,700, and 24,750+. A strong breakout above 24,750 will open the doors for further upward movement, potentially testing 24,850 and beyond. On the downside, if Nifty slips below 24,450, selling pressure may drag the index lower. Key downside targets in this scenario will be 24,350, 24,300, and 24,250–24,200. Sustained weakness below 24,250 may lead to deeper cuts in the coming sessions. Overall, today’s session is expected to start with a slightly gap down opening, keeping the index in a range-bound mood. Traders should focus on key levels to identify breakout or breakdown opportunities and maintain strict stop-losses to manage risk effectively.
NSE:NIFTY
by TradZoo
XAUUSD Alert| Liquidity Grab or Trend Reversal?”XAUUSD Alert 🚨 | Liquidity Grab or Trend Reversal?” Gold has recently pushed into the 3525 – 3550 rejection zone, a level that has historically acted as strong supply. After this extended bullish rally, price is now showing early signs of exhaustion. This could be a liquidity grab above resistance before the market corrects lower. My expectation here is a short-term pullback. The first key area I’ll be watching is around 3450, which lines up with a smaller demand zone and could act as a temporary support. If buyers fail to defend that level, then I expect continuation toward the 3330 – 3320 zone, which is my final target and also a major higher-timeframe support point. This level is very important because it was previously a strong base for accumulation, and if tested again, it could provide a potential long opportunity. However, if price breaks below 3320 decisively, it would open the door for a much deeper correction. Overall, my short-term outlook is bearish retracement, but I’ll be closely watching how price reacts once we reach the deeper support levels.
OANDA:XAUUSDShort
by Mentor_Michael03
Gabriel India Ltd | Textbook Cup & Handle Breakout | Swing TradeGabriel India has formed a classic Cup & Handle pattern on the daily timeframe and given a decisive breakout above ₹1200 with strong volumes. This indicates institutional accumulation and signals the start of a potential bullish leg. Technical Analysis Pattern: Cup & Handle → bullish continuation Breakout Zone: ₹1200–1240 (now acting as strong support) Current Price: ₹1265 (close as of 02 Sep 2025) Volume: Noticeable spike, validating breakout strength EMA Setup: Price trending above 20EMA (₹1178) & 50EMA (₹1123) → trend intact Fundamental Key Area Sector: Auto Ancillary (OEM supplier – suspension systems) Market Cap: ~₹18,200 Cr (Mid-cap) P/E: ~73 → premium valuation, market pricing in growth Recent EPS: ₹4.3 (Jun-25) → steady growth Sales Growth: +22% YoY (Jun-25) → consistent performance Operating Margin: ~8% → stable margins for auto sector Trade Plan Entry Zone: ₹1240–1265 (CMP or on dips) Stop-Loss: ₹1180 (below handle support & 20EMA) Targets:- T1: ₹1300 (Partial booking) (expected timeline 1-2 weeks) T2: ₹1350 (Extended move) (expected timeline 2-3 weeks) RR ≈ 1:1.8 → Favourable setup Note: This analysis is shared purely for educational and informational purposes based on chart patterns and publicly available data. It should not be considered as investment advice. Please do your own research or consult a financial advisor before making trading decisions.
NSE:GABRIELLong
by Airborn_trader
Garuda Construction – Cup & Handle Breakout | Swing Trade PlanGaruda Construction has given a textbook Cup & Handle breakout backed by strong volume and solid fundamentals. Technical Analysis A Cup & Handle pattern has formed with a neckline breakout above ₹200. Stock closed strongly at ₹216.33 (+9.66%) with massive volume (7.5M vs 3.1M avg) - confirms institutional buying. Price is trading above 20 EMA (₹200) and 50 EMA (₹188) → strong uptrend. Weekly timeframe also shows a fresh breakout, adding higher timeframe confluence. Structure remains bullish as long as it holds above ₹200 demand zone. Fundamental key area Construction & Engineering segment seeing strong order inflows, aiding medium-term growth. Strong QoQ Growth: Latest quarter (Jun-25) revenue jumped 55% to ₹125 Cr. ROE ~29%, OPM ~29% → excellent efficiency. Balance Sheet: Debt levels appear very low, improving stability. Valuation: Mid-cap with growth momentum, attractive vs large-cap peers. Swing Trade Plan Entry Zone: ₹212–216 Stop Loss: ₹198 (below neckline + demand zone) Targets: T1: ₹225 (early booking) T2: ₹240 (swing continuation) T3: ₹260 (Cup & Handle measured move) Risk–Reward: Up to 1:2.4 Note: This is an educational swing trade analysis based on price action + fundamentals. Not financial advice — do your own due diligence before trading.
NSE:GARUDALong
by Airborn_trader
4
Gold Daily Chart – Ascending Triangle Breakout!Gold has formed a strong ascending triangle pattern on the daily timeframe. The price has successfully broken above the resistance zone, confirming bullish momentum. Such patterns generally indicate continuation of the uptrend, especially when supported by volume and strong price action. Chart Observation: As long as price holds above 3,450, the bullish setup remains valid. A retest of the breakout zone can provide the best risk-to-reward entry opportunity. Traders should keep an eye on volume confirmation while entering trades. Note: If levels sustain and setup remains intact, I will share live trade updates in real time. Stay tuned. Disclaimer: This analysis is for educational purposes only. Please do your own research or consult your financial advisor before taking trades.
TVC:GOLDLong
by TraderRahulPal
DALBHARAT (DALMIA BHARAT)DALBHARAT has been making HH-HL formation. There is probability of an upside move to touch the previous resistance near 2390. Everyone: There is news about 25% tariff from Trump therefore strictly follow risk management to safeguard your capital. ✅ If you like my analysis, please follow me as a token of appreciation :) in.tradingview.com/u/SatpalS/ 📌 For learning and educational purposes only, not a recommendation. Please consult your financial advisor before investing.
NSE:DALBHARAT
by SatpalS
Bullish trend intact, waiting for PMI to spark the next waveCaptain Vincent – Gold Plan XAU/USD 1. Market Waves 🌍 The USD continues to weaken as investors grow more confident that the FED will cut rates in the coming months. With the greenback losing appeal, large flows are leaving cash and moving into safe-haven assets → gold stands out as the number one choice . 👉 This supports gold’s sustainable bullish trend . If USD selling pressure persists, the market could see fresh breakouts into year-end. 2. Technical Outlook ⚙️ H2 Chart: gold just created a Higher High after BOS , confirming bullish dominance. Golden Harbor 🏝️ (Buy Zone 3,450 – 3,452): aligned with previous FVG , heavy liquidity zone. Quick Boarding 🚤 (OB ~3,470): intermediate support, ideal for quick pullback entries. Storm Breaker 🌊 (Sell Zone 3,538 – 3,540): resistance at Fibo 0.618 – 0.786 , strong chance of profit-taking if tested. Intraday bias: Wait for pullback to Buy. Short-term Sell only if price hits Storm Breaker. 3. Captain Vincent’s Map – Key Levels 🪙 Golden Harbor 🏝️ (Buy Zone): 3,450 – 3,452 Quick Boarding 🚤 (OB Support): 3,470 Storm Breaker 🌊 (Sell Zone): 3,538 – 3,540 4. Trade Scenarios 📌 🔺 Golden Harbor 🏝️ (BUY – Priority) Entry: 3,450 – 3,452 SL: 3,444 TP: 3,455 → 3,458 → 3,462 → 3,465 → 34xx 🔻 Storm Breaker 🌊 (SELL Reaction) Entry: 3,538 – 3,540 SL: 3,548 TP: 3,535 → 3,532 → 3,529 → 35xx 5. Captain’s Note ⚓ “The gold sail is still filled with bullish wind, but Storm Breaker 🌊 above may create counter waves. Stay patient at Golden Harbor 🏝️ for precise entries, and watch the PMI at 21:00 – the catalyst for the next wave.”
OANDA:XAUUSDLong
by CaptainVincent
#NIFTY Intraday Support and Resistance Levels - 02/09/2025Nifty is expected to open with a gap up today, likely testing levels above 24,700. This zone will play a crucial role in deciding the intraday direction, as price action near this level may trigger either continuation or reversal moves. On the upside, if Nifty sustains above the 24,750 mark, a fresh rally can be seen with targets at 24,850, 24,900, and 24,950+. A breakout above 24,950 could further fuel momentum, paving the way for an extended move toward 25,100 levels. However, if Nifty faces resistance near 24,750–24,700 and fails to hold, a reversal short opportunity may open up. In that case, downside targets would be 24,600, 24,550, and 24,500. A decisive break below 24,450 would further weaken sentiment, dragging the index toward 24,350, 24,300, and 24,250.
NSE:NIFTY
by TradZoo
[INTRADAY] #BANKNIFTY PE & CE Levels(02/09/2025)Bank Nifty is likely to witness a slightly gap-up opening today, with price action consolidating near the 54,000 zone. This level remains a key pivot for intraday direction, and traders should watch closely for confirmation on either side. On the upside, if Bank Nifty sustains above the 54,050–54,100 range, a positive move could unfold with targets placed at 54,250, 54,350, and 54,450+. Sustained buying momentum above 54,450 could further strengthen bullish sentiment and extend the rally. On the downside, if the index fails to hold and slips below 53,950–53,900, fresh selling pressure may drag Bank Nifty lower toward 53,750, 53,650, and 53,550. A breakdown below 53,550 would open the door for deeper declines, turning market sentiment more negative.
NSE:BANKNIFTY
by TradZoo
SUBROSSUBROS – After making an ATH, the price retraced and formed a new swing low at 778, followed by a brief consolidation. Today, it has broken above the immediate resistance and is showing signs of strength. All key EMAs are now aligned, further supporting the bullish setup. ✅ If you like my analysis, please follow me as a token of appreciation :) in.tradingview.com/u/SatpalS/ 📌 For learning and educational purposes only, not a recommendation. Please consult your financial advisor before investing.
NSE:SUBROS
by SatpalS
#NIFTY Intraday Support and Resistance Levels - 01/09/2025Nifty is expected to open slightly gap up today, with the index holding near the key 24,500 zone. This level will play a crucial role in defining intraday momentum. A sustained move above this mark can open the doors for a short-term recovery, while failure to hold above may trigger renewed selling pressure. On the upside, if Nifty manages to sustain above 24,500–24,550, buying momentum could push the index higher toward 24,650, 24,700, and 24,750+. A breakout above 24,750 would further strengthen the bullish outlook, creating the possibility of testing higher resistance levels in the coming sessions. On the downside, if Nifty slips below 24,450, selling pressure is likely to resume, dragging the index toward 24,350, 24,300, and 24,250. A breakdown below 24,250 could accelerate the decline, shifting market sentiment firmly to the bearish side. Overall, Nifty remains in a critical zone with 24,500 acting as the pivot. Traders should watch price action closely around this level, as the first hour of trade will likely dictate the direction for the rest of the session.
NSE:NIFTY
by TradZoo
[INTRADAY] #BANKNIFTY PE & CE Levels(01/09/2025)Bank Nifty is likely to open with a slight gap-up today, showing signs of stabilisation after recent weakness. The immediate levels to watch will be 53,550 on the downside and 53,950 on the upside, as they are expected to act as crucial intraday pivot zones. On the upside, if Bank Nifty sustains above 53,950–54,100, a recovery rally may emerge, taking the index higher towards 54,250, 54,350, and 54,450+. A breakout above 54,450 can provide stronger momentum for extended gains. Additionally, a reversal buying opportunity could also be considered around the 53,550–53,600 zone, with targets placed at 53,750, 53,850, and 53,950+. On the downside, if Bank Nifty slips below 53,900, selling pressure may resume with targets at 53,750, 53,650, and 53,550. A further breakdown below 53,450 could drag the index lower towards 53,250, 53,150, and even 53,050 levels. Overall, the index remains in a cautious zone with limited directional clarity. Traders should keep an eye on the price action around key support and resistance zones, as the first hour of trade will likely define the day’s momentum.
NSE:BANKNIFTY
by TradZoo