A flat opening is expected in Bank Nifty today. After the open, if Bank Nifty sustains above 56,050, an upside rally is likely toward 56,450+. A further continuation of this rally could occur if the index trades above 56,550–56,600, with extended targets up to 56,750 → 56,850 → 56,950+.
On the downside, if Bank Nifty trades below 55,950, some selling pressure may emerge. However, 55,550 will act as strong support for today’s session. A major downward move is only expected if this support breaks, opening potential targets of 55,250 → 55,150 → 55,050-.
On the downside, if Bank Nifty trades below 55,950, some selling pressure may emerge. However, 55,550 will act as strong support for today’s session. A major downward move is only expected if this support breaks, opening potential targets of 55,250 → 55,150 → 55,050-.
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