Bank Nifty is likely to open with a gap up start, indicating positive momentum after recent consolidation. The index has been moving in a narrow range, and today’s levels could decide whether it continues consolidating or attempts a breakout.
On the upside, if Bank Nifty sustains above the 54,050–54,100 zone, a bullish move can be expected with targets at 54,250, 54,350, and 54,450+. A breakout above 54,550 may open the way for a stronger rally towards 54,750, 54,850, and 54,950+, signaling renewed buying strength.
On the downside, weakness may come into play if the index slips below 54,450–54,400. In such a case, short opportunities could emerge with targets at 54,250, 54,150, and 54,050. Sustained weakness below 54,000 would further expose Bank Nifty to deeper correction levels.
Currently, the index remains in a sideways consolidation phase, but traders should watch closely for a decisive breakout on either side. Intraday opportunities will be clearer once Bank Nifty holds above 54,550 or breaks below 54,050. Strict stop-loss management is advised to tackle volatility.
On the upside, if Bank Nifty sustains above the 54,050–54,100 zone, a bullish move can be expected with targets at 54,250, 54,350, and 54,450+. A breakout above 54,550 may open the way for a stronger rally towards 54,750, 54,850, and 54,950+, signaling renewed buying strength.
On the downside, weakness may come into play if the index slips below 54,450–54,400. In such a case, short opportunities could emerge with targets at 54,250, 54,150, and 54,050. Sustained weakness below 54,000 would further expose Bank Nifty to deeper correction levels.
Currently, the index remains in a sideways consolidation phase, but traders should watch closely for a decisive breakout on either side. Intraday opportunities will be clearer once Bank Nifty holds above 54,550 or breaks below 54,050. Strict stop-loss management is advised to tackle volatility.
📈 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
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
📈 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
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.