Today, Bank Nifty is expected to open flat near the 55550 level. If it sustains above 55550, we may see further bullish momentum with upside targets of 55750, 55850, and 55950+. This breakout level may trigger strong buying interest.
On the downside, if Bank Nifty fails to hold above 55550 and drops below the 55460–55400 zone, then a bearish move may be seen toward 55250, 55150, and 55050 levels.
If it slips further below 55100, another buying opportunity may come near the 55050–55100 zone for a possible bounce targeting 55250, 55350, and 55450+.
On the downside, if Bank Nifty fails to hold above 55550 and drops below the 55460–55400 zone, then a bearish move may be seen toward 55250, 55150, and 55050 levels.
If it slips further below 55100, another buying opportunity may come near the 55050–55100 zone for a possible bounce targeting 55250, 55350, and 55450+.
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📈 Trade Smarter with TradZoo!
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📲 Android App: bit.ly/TradZooApp
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🍎 iOS App: bit.ly/TradZoo-iOS-App
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📣 Telegram: t.me/tradzooIndex
📲 Android App: bit.ly/TradZooApp
📲 Forex App:tradzoo.com/forex/download
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Related publications
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.