The Bank Nifty ended the week at 54,389.35, down -1.93%.
🔹 Key Levels for the Upcoming Week
📌 Price Action Pivot Zone:
54,273 to 54,506 – This blue-shaded range is the key area to watch. A breakout on either side could set the tone for the week ahead.
Support Levels:
S1: 53,925
S2: 53,460
S3: 53,038
Resistance Levels:
R1: 54,857
R2: 55,326
R3: 55,813
📈 Market Outlook
Bullish Scenario:
If Bank Nifty sustains above the pivot high of 54,506, buyers may step in, driving the index toward R1 (54,857). With momentum, further targets are R2 (55,326) and R3 (55,813).
Bearish Scenario:
If the index breaks below the pivot low of 54,273, sellers could dominate, pushing it toward S1 (53,925), with deeper downside levels at S2 (53,460) and S3 (53,038).
Disclaimer: tinyurl.com/59ypbsrh
🔹 Key Levels for the Upcoming Week
📌 Price Action Pivot Zone:
54,273 to 54,506 – This blue-shaded range is the key area to watch. A breakout on either side could set the tone for the week ahead.
Support Levels:
S1: 53,925
S2: 53,460
S3: 53,038
Resistance Levels:
R1: 54,857
R2: 55,326
R3: 55,813
📈 Market Outlook
Bullish Scenario:
If Bank Nifty sustains above the pivot high of 54,506, buyers may step in, driving the index toward R1 (54,857). With momentum, further targets are R2 (55,326) and R3 (55,813).
Bearish Scenario:
If the index breaks below the pivot low of 54,273, sellers could dominate, pushing it toward S1 (53,925), with deeper downside levels at S2 (53,460) and S3 (53,038).
Disclaimer: tinyurl.com/59ypbsrh
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