Bank Nifty ended the week at 51,564.85, registering a strong gain of 1.92%.
Key Levels for the Upcoming Week
🔹Price Action Pivot Zone:
The critical range to monitor for potential trend reversals or continuation is 51,452 - 51,679.
🔹Support & Resistance Levels:
Support Levels:
S1: 51,113
S2: 50,661
S3: 50,156
Resistance Levels:
R1: 52,021
R2: 52,477
R3: 52,955
Market Outlook
✅Bullish Scenario: A sustained move above 51,679 could trigger buying momentum, potentially driving Bank Nifty towards R1 (52,021) and beyond.
❌Bearish Scenario: If the index falls below 51,452, selling pressure may increase, pulling it towards S1 (51,113) and lower levels.
Disclaimer: This analysis is for educational purposes only. Investors should conduct their own research before making any trading decisions.
Key Levels for the Upcoming Week
🔹Price Action Pivot Zone:
The critical range to monitor for potential trend reversals or continuation is 51,452 - 51,679.
🔹Support & Resistance Levels:
Support Levels:
S1: 51,113
S2: 50,661
S3: 50,156
Resistance Levels:
R1: 52,021
R2: 52,477
R3: 52,955
Market Outlook
✅Bullish Scenario: A sustained move above 51,679 could trigger buying momentum, potentially driving Bank Nifty towards R1 (52,021) and beyond.
❌Bearish Scenario: If the index falls below 51,452, selling pressure may increase, pulling it towards S1 (51,113) and lower levels.
Disclaimer: This analysis is for educational purposes only. Investors should conduct their own research before making any trading decisions.
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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.