Bank Nifty is expected to open slightly gap-down, continuing the weakness observed in the previous sessions. The index is currently trading around the 56700 level after facing consistent resistance near the 57100 zone. If the index sustains below the 56950–56900 region, it may extend the downside toward 56750, 56650, and further down to 56550.
A break below 56650 could trigger a sharper fall, with the next key support levels placed at 56250, 56150, and 56050. These zones will be critical to watch for potential reversal or further breakdown.
On the upside, any strength and breakout above the 57050–57100 resistance zone may open the path toward higher levels like 57250, 57350, and 57450+. However, unless this zone is breached with strength, upward movement is likely to remain capped.
The overall structure indicates bearish pressure, and the price action near 56900–56650 will decide the intraday trend. Traders should remain cautious and react based on levels with proper risk management.
A break below 56650 could trigger a sharper fall, with the next key support levels placed at 56250, 56150, and 56050. These zones will be critical to watch for potential reversal or further breakdown.
On the upside, any strength and breakout above the 57050–57100 resistance zone may open the path toward higher levels like 57250, 57350, and 57450+. However, unless this zone is breached with strength, upward movement is likely to remain capped.
The overall structure indicates bearish pressure, and the price action near 56900–56650 will decide the intraday trend. Traders should remain cautious and react based on levels with proper risk management.
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Disclaimer
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