Bank Nifty ended the week at 55,354.90, registering a gain of 3.28%.
Key Levels for the Upcoming Week
🔹 Price Action Pivot Zone:
The critical range to monitor for potential trend reversals or continuation is 55,238 to 55,473
🔹 Support & Resistance Levels:
Support Levels:
S1: 54,886
S2: 54,418
S3: 53,921
Resistance Levels:
R1: 55,828
R2: 56,300
R3: 56,553
Market Outlook
✅ Bullish Scenario: A sustained move above 55,473 could trigger buying momentum, potentially driving Bank Nifty towards R1 (55,828) and beyond.
❌ Bearish Scenario: If the index falls below 55,238, selling pressure may increase, pulling it towards S1 (54,886) and lower levels.
Disclaimer: lnkd.in/gJJDnvn2
Key Levels for the Upcoming Week
🔹 Price Action Pivot Zone:
The critical range to monitor for potential trend reversals or continuation is 55,238 to 55,473
🔹 Support & Resistance Levels:
Support Levels:
S1: 54,886
S2: 54,418
S3: 53,921
Resistance Levels:
R1: 55,828
R2: 56,300
R3: 56,553
Market Outlook
✅ Bullish Scenario: A sustained move above 55,473 could trigger buying momentum, potentially driving Bank Nifty towards R1 (55,828) and beyond.
❌ Bearish Scenario: If the index falls below 55,238, selling pressure may increase, pulling it towards S1 (54,886) and lower levels.
Disclaimer: lnkd.in/gJJDnvn2
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.
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.