Bank Nifty is opening slightly gap-up around the 55650–55700 zone, hinting at a cautious positive bias. However, the index remains within a well-defined range, and today’s session could act as a trigger for the next directional move.
If Bank Nifty sustains above 55600, bullish momentum may build toward 55750, 55850, and 55950+. A breakout above 56050 could further accelerate the upside, potentially targeting 56250 and beyond.
However, if the index fails to hold above 55700 and starts reversing, a pullback toward 55600 and 55500 is possible.
A breakdown below 55450 would signal weakness and open up downside levels toward 55250, 55150, and 55050, where stronger support is expected.
If Bank Nifty sustains above 55600, bullish momentum may build toward 55750, 55850, and 55950+. A breakout above 56050 could further accelerate the upside, potentially targeting 56250 and beyond.
However, if the index fails to hold above 55700 and starts reversing, a pullback toward 55600 and 55500 is possible.
A breakdown below 55450 would signal weakness and open up downside levels toward 55250, 55150, and 55050, where stronger support is expected.
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