Bank Nifty ended the week at 57,031.90 with a slight drop of -0.72%
🔹 Key Levels for the Upcoming Week
📌 Price Action Pivot Zone:
The critical range to monitor for potential trend reversals or continuation is 56,913 to 57,152
🔻 Support Levels:
S1: 56,556
S2: 56,081
S3: 55,461
🔺 Resistance Levels:
R1: 57,512
R2: 57,991
R3: 58,508
📈 Market Outlook
✅ Bullish Scenario:
A sustained move above 57,152 could trigger fresh buying momentum, potentially driving Bank Nifty towards R1 (57,512) and higher levels.
❌ Bearish Scenario:
If the index falls below 56,913, selling pressure may intensify, pulling it down towards S1 (56,556) and lower supports.
Disclaimer: lnkd.in/gJJDnvn2
🔹 Key Levels for the Upcoming Week
📌 Price Action Pivot Zone:
The critical range to monitor for potential trend reversals or continuation is 56,913 to 57,152
🔻 Support Levels:
S1: 56,556
S2: 56,081
S3: 55,461
🔺 Resistance Levels:
R1: 57,512
R2: 57,991
R3: 58,508
📈 Market Outlook
✅ Bullish Scenario:
A sustained move above 57,152 could trigger fresh buying momentum, potentially driving Bank Nifty towards R1 (57,512) and higher levels.
❌ Bearish Scenario:
If the index falls below 56,913, selling pressure may intensify, pulling it down towards S1 (56,556) and lower supports.
Disclaimer: lnkd.in/gJJDnvn2
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