Bank Nifty is expected to open flat or slightly gap up near the 55,600–55,650 zone. This zone could act as a critical decision point for today’s session, and price action around it will likely determine the trend for the day.
If Bank Nifty sustains above 55,950, a bullish reversal move may be triggered with potential upside targets at 56,250, 56,350, and 56,450+. A breakout above 56,050–56,100 will be essential to confirm bullish momentum.
On the downside, if Bank Nifty fails to hold above 55,950 and breaks below the 55,950–55,900 zone, a bearish continuation could unfold. Breakdown below 55,950 opens downside targets of 55,750, 55,650, and 55,550. A deeper fall can be expected if 55,450 is broken, with targets at 55,250, 55,150, and 55,050-.
Intraday traders should closely monitor price behavior around the 55,950–56,050 resistance zone.
If Bank Nifty sustains above 55,950, a bullish reversal move may be triggered with potential upside targets at 56,250, 56,350, and 56,450+. A breakout above 56,050–56,100 will be essential to confirm bullish momentum.
On the downside, if Bank Nifty fails to hold above 55,950 and breaks below the 55,950–55,900 zone, a bearish continuation could unfold. Breakdown below 55,950 opens downside targets of 55,750, 55,650, and 55,550. A deeper fall can be expected if 55,450 is broken, with targets at 55,250, 55,150, and 55,050-.
Intraday traders should closely monitor price behavior around the 55,950–56,050 resistance zone.
📈 Trade Smarter with TradZoo!
📣 Telegram: t.me/tradzooIndex
📣 Forex Telegram: t.me/tradzoofx
📲 Mobile App: tradzoo.com/download
📲 Forex App:tradzoo.com/forex/download
🔗 Website: bit.ly/tradzoopage
📣 Telegram: t.me/tradzooIndex
📣 Forex Telegram: t.me/tradzoofx
📲 Mobile App: tradzoo.com/download
📲 Forex App:tradzoo.com/forex/download
🔗 Website: bit.ly/tradzoopage
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.
📈 Trade Smarter with TradZoo!
📣 Telegram: t.me/tradzooIndex
📣 Forex Telegram: t.me/tradzoofx
📲 Mobile App: tradzoo.com/download
📲 Forex App:tradzoo.com/forex/download
🔗 Website: bit.ly/tradzoopage
📣 Telegram: t.me/tradzooIndex
📣 Forex Telegram: t.me/tradzoofx
📲 Mobile App: tradzoo.com/download
📲 Forex App:tradzoo.com/forex/download
🔗 Website: bit.ly/tradzoopage
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.