Bank Nifty Weekly Insights: Key Levels & Trends

The Bank Nifty ended the week at 54,809.30, gaining +1.28%.

Key Levels for the Upcoming Week
Price Action Pivot Zone:
54,693 to 54,927 – This blue-shaded range is the key area to watch. A breakout on either side could decide next week’s trend direction.

Support Levels

S1: 54,340
S2: 53,870
S3: 53,360

Resistance Levels

R1: 55,280
R2: 55,750
R3: 56,300

Market Outlook
Bullish Scenario:
If Bank Nifty sustains above 54,927, buyers may gain control, pushing the index toward R1 (55,280), followed by R2 (55,750) and R3 (56,300).

Bearish Scenario:
If the index falls below 54,693, sellers could dominate, leading the index toward S1 (54,340), and potentially to S2 (53,870) and S3 (53,360).

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