Nifty Bank Index (1D timeframe) Analysis

Master BreakOut Level - 51,976.90 (Strong Resistance)

The price needs to break and sustain above this level for a strong bullish move.
A breakout above this level can push the index towards new highs.
Resistance Level - 50,141.05

Acts as an intermediate resistance; price rejection from here can lead to a pullback.
If the price crosses this level with strong volume, an upward rally is expected.
Current Price - 48,981.20

The index is trading near a crucial zone, and movement below support levels could lead to further downside.
Support Level - 48,586.05

If the price holds above this level, a rebound can be expected.
If broken, it may test lower supports.
Open GAP Support Level - 48,382.80

A crucial area where buying interest might emerge.
If the price sustains above this, it can act as a demand zone.
Master Breakdown Level - 47,912.55 (Strong Support)

If this level breaks, a sharp downside move can occur.
A breakdown here indicates a bearish trend.