Bank Nifty is consolidating in a tight range between 54,000–56,000. A sustained breakout above 56K can trigger a bullish rally, while a break below 54K may lead to a healthy correction towards 51,200, which coincides with the 200-day moving average and a gap zone (51,800–51,200). Key levels are aligned with both price structure and long-term indicators—worth tracking closely.
Key Levels:
Resistance: 56,000
Support: 54,000
Gap & Major Support Zone: 51,800 – 51,200
Long-Term Support: 200 DMA @ 51,200
Outlook:
Above 56K = Fresh upside momentum
Below 54K = Healthy correction expected
#BankNifty #NiftyBank #TechnicalAnalysis #PriceAction #SwingTrade #BreakoutStrategy #SupportAndResistance #200DMA #GapFill #NSE #TradingViewIndia
Key Levels:
Resistance: 56,000
Support: 54,000
Gap & Major Support Zone: 51,800 – 51,200
Long-Term Support: 200 DMA @ 51,200
Outlook:
Above 56K = Fresh upside momentum
Below 54K = Healthy correction expected
#BankNifty #NiftyBank #TechnicalAnalysis #PriceAction #SwingTrade #BreakoutStrategy #SupportAndResistance #200DMA #GapFill #NSE #TradingViewIndia
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.