Bank Nifty Futures (BANKNIFTY1!) – Breakout Watch & Demand Zone
Bank Nifty Futures has broken above the key resistance zone around 56,000, signaling bullish strength. Price has formed higher lows and is currently trading near recent highs with strong momentum.
📌 Key Zones & Levels:
Resistance Turned Support: ~56,000
Immediate Supports (Sup): ~55,820 and ~55
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The nearest expiration date for BANKNIFTY INDEX FUTURES is Jan 25, 2024.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell BANKNIFTY INDEX FUTURES before Jan 25, 2024.