Nifty Bank Index
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Banknifty Intraday Analysis for 07th November 2025

38
BANKNIFTY

Index has resistance near 57900 – 58000 range and if index crosses and sustains above this level then may reach near 58400 – 58500 range.

Banknifty has immediate support near 57100 - 57000 range and if this support is broken then index may tank near 56600 - 56500 range.

Overall sentiment of the market is sideways to negative and selling is expected if the market reaches near resistance level.
Trade chiuso: obiettivo raggiunto
Gap down opening and made low near 57160 then bounced and made high near 58000 and closed near 57875.

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