◉ Nifty Analysis 
NIFTY
Indian equity markets broke out of a five-week consolidation last week, powered by easing geopolitical tensions, which helped boost investor sentiment.
A Pole & Flag breakout on the charts signals a continuation of the uptrend, with strong bullish momentum building up.
Open Interest (OI) Snapshot
● 25,000 – Strong Base: Heavy put writing indicates strong support; bulls defending this level aggressively.
● 25,500 – Immediate Support: A secondary cushion with notable put buildup—short-term buyers watching this zone.
● 26,000 – Immediate Resistance Zone: Call writers active here; a breakout above this level could trigger a fresh leg up.
Outlook: The index looks set to maintain a bullish tone, with a possible move toward 26,000 in the coming sessions.
◉ Bank Nifty Analysis
BANKNIFTY
The banking sector continues to lead the market’s strength, acting as a major driver behind the recent rally.
Fundamentally, optimism is being driven by lower funding costs, supported by banks cutting fixed deposit rates and the RBI’s recent cut in the Cash Reserve Ratio (CRR)—both of which have boosted liquidity and improved the outlook for lenders.
The index has confirmed a breakout from a Pole & Flag formation, aligning with Nifty’s bullish setup and further validating strength in the banking space.
Open Interest (OI) Snapshot
● 56,000 – Strong Support Zone: Significant put writing shows strong bullish conviction around this level.
● 57,000 – Immediate Support: Fresh positions being built; dip-buyers may step in here.
● 58,000 – Key Resistance Ahead: Call writers are holding the line—watch for breakout signals.
Outlook: As long as Bank Nifty holds above 57,000, the bullish momentum is expected to continue, with possible testing of 58,000 in the near term.
NIFTY Indian equity markets broke out of a five-week consolidation last week, powered by easing geopolitical tensions, which helped boost investor sentiment.
A Pole & Flag breakout on the charts signals a continuation of the uptrend, with strong bullish momentum building up.
Open Interest (OI) Snapshot
● 25,000 – Strong Base: Heavy put writing indicates strong support; bulls defending this level aggressively.
● 25,500 – Immediate Support: A secondary cushion with notable put buildup—short-term buyers watching this zone.
● 26,000 – Immediate Resistance Zone: Call writers active here; a breakout above this level could trigger a fresh leg up.
Outlook: The index looks set to maintain a bullish tone, with a possible move toward 26,000 in the coming sessions.
◉ Bank Nifty Analysis
BANKNIFTY The banking sector continues to lead the market’s strength, acting as a major driver behind the recent rally.
Fundamentally, optimism is being driven by lower funding costs, supported by banks cutting fixed deposit rates and the RBI’s recent cut in the Cash Reserve Ratio (CRR)—both of which have boosted liquidity and improved the outlook for lenders.
The index has confirmed a breakout from a Pole & Flag formation, aligning with Nifty’s bullish setup and further validating strength in the banking space.
Open Interest (OI) Snapshot
● 56,000 – Strong Support Zone: Significant put writing shows strong bullish conviction around this level.
● 57,000 – Immediate Support: Fresh positions being built; dip-buyers may step in here.
● 58,000 – Key Resistance Ahead: Call writers are holding the line—watch for breakout signals.
Outlook: As long as Bank Nifty holds above 57,000, the bullish momentum is expected to continue, with possible testing of 58,000 in the near term.
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🌐 goodluckcapital.com
🎖️ SEBI registered INH300006582
🎖️ CMT(usa) & CFTe(usa) chartered
🎖️ NSE certified professionals
📈 Trading and Investment Advice
t.me/GoodluckCapital
🤝 Contact Us
bio.link/GoodluckCapital
🎖️ SEBI registered INH300006582
🎖️ CMT(usa) & CFTe(usa) chartered
🎖️ NSE certified professionals
📈 Trading and Investment Advice
t.me/GoodluckCapital
🤝 Contact Us
bio.link/GoodluckCapital
Related publications
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.