Bank Nifty is expected to open with a gap-up near the 55950 level, which places it at a critical resistance zone. If it sustains above this level, it may extend the bullish momentum toward 55750, 55850, and 55950+, but more importantly, a breakout above 56050 would trigger a fresh upside rally with targets at 56250, 56350, and 56450+.
However, if Bank Nifty fails to hold above 55900–55950 and reverses below this zone, a short trade setup may activate, with potential downside targets of 55750, 55650, and 55550.
Further weakness can be confirmed only if the index slips below the 55550–55600 support zone, exposing it to 55250, 55150, and 55050 levels.
However, if Bank Nifty fails to hold above 55900–55950 and reverses below this zone, a short trade setup may activate, with potential downside targets of 55750, 55650, and 55550.
Further weakness can be confirmed only if the index slips below the 55550–55600 support zone, exposing it to 55250, 55150, and 55050 levels.
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