Weekly Recap:
The Bank Nifty closed the week at 51,502.7, posting a decline of -0.12%.
Key Weekly Levels for Next Week
Price Action Pivot Zone:
The crucial range to watch for potential reversals or trend continuation is 51,617 to 51,390
Support & Resistance Levels:
Support Levels:
Resistance Levels:
Market Outlook:
Bullish Scenario: If Bank Nifty sustains above 51,617, it could see buying interest, potentially pushing towards R1 at 51,959 and higher levels.
Bearish Scenario: A breakdown below 51,390 could trigger further downside pressure, targeting S1 at 51,051 and lower support levels.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please conduct your own research or consult a financial advisor before making any trading decisions.
The Bank Nifty closed the week at 51,502.7, posting a decline of -0.12%.
Key Weekly Levels for Next Week
Price Action Pivot Zone:
The crucial range to watch for potential reversals or trend continuation is 51,617 to 51,390
Support & Resistance Levels:
Support Levels:
- S1: 51,051
- S2: 50,599
- S3: 50,149
Resistance Levels:
- R1: 51,959
- R2: 52,415
- R3: 52,833
Market Outlook:
Bullish Scenario: If Bank Nifty sustains above 51,617, it could see buying interest, potentially pushing towards R1 at 51,959 and higher levels.
Bearish Scenario: A breakdown below 51,390 could trigger further downside pressure, targeting S1 at 51,051 and lower support levels.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please conduct your own research or consult a financial advisor before making any trading decisions.
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.
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.