NIFTY BANK INDEX

Nifty Bank Index – 15-Minute Timeframe (As of May 9, 2025)

📌 Intraday Support & Resistance (15-min Chart):

🔻 Support Levels:
53,500 – Strong intraday support; multiple bounces seen here
53,200 – Minor support from morning session
52,900 – Gap-fill zone and previous demand area

🔺 Resistance Levels:
53,850 – VWAP + supply rejection area
54,200 – Key resistance from early session high
54,500 – Major barrier; breakdown retest level

📉 Intraday View: Trend remains weak below 54,200; bulls need a reclaim above 54,500 for momentum. Short-term scalpers should watch price action around VWAP (near 53,850).