BANKNIFTY 1D Time frame

20
📊 Current Snapshot

Current level: around 54,680 - 54,690

Today’s range: approx. 54,580 – 54,850

🔑 Key Daily Levels

Resistance Zones

54,960 (near-term resistance)

55,172 (major resistance; breakout above this could extend rally)

55,000 (psychological resistance)

Support Zones

54,462 (immediate support)

54,400 – 54,500 (important support band)

54,107 (deeper support if selling pressure continues)

📉 Outlook

Bullish Case: If Bank Nifty sustains above 54,960 – 55,172, it can move higher towards 55,300 – 55,500.

Bearish Case: If it breaks below 54,400, the index may slip toward 54,100 or even lower.

Neutral / Range: Between 54,400 – 54,960, sideways movement is likely until a breakout occurs.

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