Banknifty July 5th Week Analysis

The Bank Nifty is showing indecision, with the weekly close at 56,500 favoring bears over bulls. The key support zone lies between 56,250 and 55,900. If Bank Nifty breaches this range, further downside is expected toward the significant short-covering zone of 55,500–54,850. On the upside, Bank Nifty must cross and sustain above 56,650 to gain momentum, potentially reaching last week's highs of 57,200–57,300.