Bank Nifty ended the week at 54,664.05, registering a gain of 0.69%.
Key Levels for the Upcoming Week
🔹 Price Action Pivot Zone:
The critical range to monitor for potential trend reversals or continuation is 54,548 - 54,781
🔹 Support & Resistance Levels:
Support Levels:
Resistance Levels:
Market Outlook
✅ Bullish Scenario: A sustained move above 54,781 could trigger buying momentum, potentially driving Bank Nifty towards R1 (55,134) and beyond.
❌ Bearish Scenario: If the index falls below 54,548, selling pressure may increase, pulling it towards S1 (54,198) and lower levels.
Key Levels for the Upcoming Week
🔹 Price Action Pivot Zone:
The critical range to monitor for potential trend reversals or continuation is 54,548 - 54,781
🔹 Support & Resistance Levels:
Support Levels:
- S1: 54,198
- S2: 53,733
- S3: 52,493
Resistance Levels:
- R1: 55,134
- R2: 55,603
- R3: 56,553
Market Outlook
✅ Bullish Scenario: A sustained move above 54,781 could trigger buying momentum, potentially driving Bank Nifty towards R1 (55,134) and beyond.
❌ Bearish Scenario: If the index falls below 54,548, selling pressure may increase, pulling it towards S1 (54,198) and lower levels.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.