Bank Nifty is expected to open flat near the 57,440 level, just below the immediate resistance at 57,450. This zone will play a crucial role in today’s session. Sustaining above 57,450 can lead to bullish momentum with potential upside targets of 57,550, 57,850, and 57,950. Traders may look for a breakout confirmation before entering long trades.
On the downside, if the index fails to sustain above the 57,450 level and reverses, support around the 57,100–57,050 zone could be tested. A move below this range might lead to a short-term decline toward 57,000 and 56,950. The market remains in a consolidation phase, and breakout from this tight zone can lead to a directional move.
On the downside, if the index fails to sustain above the 57,450 level and reverses, support around the 57,100–57,050 zone could be tested. A move below this range might lead to a short-term decline toward 57,000 and 56,950. The market remains in a consolidation phase, and breakout from this tight zone can lead to a directional move.
📈 Trade Smarter with TradZoo!
🔗 Website: bit.ly/tradzoopage
📣 Telegram: t.me/tradzooIndex
📲 Android App: bit.ly/TradZooApp
📲 Forex App:tradzoo.com/forex/download
🍎 iOS App: bit.ly/TradZoo-iOS-App
🔗 Website: bit.ly/tradzoopage
📣 Telegram: t.me/tradzooIndex
📲 Android App: bit.ly/TradZooApp
📲 Forex App:tradzoo.com/forex/download
🍎 iOS App: bit.ly/TradZoo-iOS-App
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!
🔗 Website: bit.ly/tradzoopage
📣 Telegram: t.me/tradzooIndex
📲 Android App: bit.ly/TradZooApp
📲 Forex App:tradzoo.com/forex/download
🍎 iOS App: bit.ly/TradZoo-iOS-App
🔗 Website: bit.ly/tradzoopage
📣 Telegram: t.me/tradzooIndex
📲 Android App: bit.ly/TradZooApp
📲 Forex App:tradzoo.com/forex/download
🍎 iOS App: bit.ly/TradZoo-iOS-App
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.