BANKNIFTY 1Hour Time frame

16
📍 Bank Nifty – 1H Important Levels (Current)
🔹 Support Zones

47,800 – 47,900 → Immediate intraday support

47,400 – 47,500 → Strong support; buyers expected to defend here

47,000 – 47,100 → Major support; breakdown here can invite heavy selling

🔹 Resistance Zones

48,400 – 48,500 → Immediate 1H resistance

48,800 – 48,900 → Strong resistance zone

49,200 – 49,300 → Major resistance; breakout here may fuel a rally

⚖️ Quick Summary

Bias: Range-bound with a bullish tilt as long as Bank Nifty trades above 47,800.

Breakout above 48,500 can push towards 48,900 – 49,300.

Breakdown below 47,800 can drag the index to 47,400 – 47,000.

Current watch zone: 47,800 – 48,500.

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