Bank Nifty Outlook Powered by iSpark | Trading Made Easy📊 Bank Nifty has been on a strong bullish trajectory, and our proprietary iSpark Indicator was spot-on once again! ✅
📍 Breakout Spotted :
* First breakout identified by iSpark at 52150 on the daily chart.
* Followed by a fresh surge at 5517 0, delivering a solid 3000-point move to a high of 55929 .
* Target was 56000 , narrowly missed – but the trend remains strong!
📈 Current Market Position:
* Bank Nifty CMP: 55209.80
* Chart structure remains bullish across higher timeframes.
* Minor dips are being bought into – signaling continued institutional interest.
⚠️ Caution :
The only overhang is geopolitical tension between India & Pakistan , which is making traders cautious about holding weekly positions . However, if global markets remain stable and there's no major escalation, dips in Bank Nifty remain a buying opportunity .
📌 Trade Plan :
* Buy the dip strategy active above 54780 – 54400
* If 56000 is crossed decisively, expect a fresh leg toward 56500++ levesl
* Trailing SL and disciplined risk management is key.
🔔 iSpark Indicator = Trading Made Easy
Stay tuned for more accurate breakout alerts and momentum tracking. Make smart, high-conviction trades with confidence!
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