The Bank Nifty ended the week at 54,809.30, gaining +1.28%.
Key Levels for the Upcoming Week
Price Action Pivot Zone:
54,693 to 54,927 – This blue-shaded range is the key area to watch. A breakout on either side could decide next week’s trend direction.
Support Levels
S1: 54,340
S2: 53,870
S3: 53,360
Resistance Levels
R1: 55,280
R2: 55,750
R3: 56,300
Market Outlook
Bullish Scenario:
If Bank Nifty sustains above 54,927, buyers may gain control, pushing the index toward R1 (55,280), followed by R2 (55,750) and R3 (56,300).
Bearish Scenario:
If the index falls below 54,693, sellers could dominate, leading the index toward S1 (54,340), and potentially to S2 (53,870) and S3 (53,360).
Disclaimer: lnkd.in/gJJDnvn2
Key Levels for the Upcoming Week
Price Action Pivot Zone:
54,693 to 54,927 – This blue-shaded range is the key area to watch. A breakout on either side could decide next week’s trend direction.
Support Levels
S1: 54,340
S2: 53,870
S3: 53,360
Resistance Levels
R1: 55,280
R2: 55,750
R3: 56,300
Market Outlook
Bullish Scenario:
If Bank Nifty sustains above 54,927, buyers may gain control, pushing the index toward R1 (55,280), followed by R2 (55,750) and R3 (56,300).
Bearish Scenario:
If the index falls below 54,693, sellers could dominate, leading the index toward S1 (54,340), and potentially to S2 (53,870) and S3 (53,360).
Disclaimer: lnkd.in/gJJDnvn2
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.