Bank Nifty ended the week at 51,564.85, registering a strong gain of 1.92%.
Key Levels for the Upcoming Week
🔹Price Action Pivot Zone:
The critical range to monitor for potential trend reversals or continuation is 51,452 - 51,679.
🔹Support & Resistance Levels:
Support Levels:
S1: 51,113
S2: 50,661
S3: 50,156
Resistance Levels:
R1: 52,021
R2: 52,477
R3: 52,955
Market Outlook
✅Bullish Scenario: A sustained move above 51,679 could trigger buying momentum, potentially driving Bank Nifty towards R1 (52,021) and beyond.
❌Bearish Scenario: If the index falls below 51,452, selling pressure may increase, pulling it towards S1 (51,113) and lower levels.
Disclaimer: This analysis is for educational purposes only. Investors should conduct their own research before making any trading decisions.
Key Levels for the Upcoming Week
🔹Price Action Pivot Zone:
The critical range to monitor for potential trend reversals or continuation is 51,452 - 51,679.
🔹Support & Resistance Levels:
Support Levels:
S1: 51,113
S2: 50,661
S3: 50,156
Resistance Levels:
R1: 52,021
R2: 52,477
R3: 52,955
Market Outlook
✅Bullish Scenario: A sustained move above 51,679 could trigger buying momentum, potentially driving Bank Nifty towards R1 (52,021) and beyond.
❌Bearish Scenario: If the index falls below 51,452, selling pressure may increase, pulling it towards S1 (51,113) and lower levels.
Disclaimer: This analysis is for educational purposes only. Investors should conduct their own research before making any trading decisions.
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.
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.