Bank Nifty Weekly Insights: Key Levels & Trends

Bank Nifty ended the week at 55,398.25

Key Levels for the Upcoming Week
🔹 Price Action Pivot Zone:
The critical range to monitor for potential trend reversals or continuation is 55,516 to 55,281
🔹 Support & Resistance Levels:

Support Levels:

• S1: 54,929
  
• S2: 54,312
  
• S3: 53,596
  

Resistance Levels:

• R1: 55,991
  
• R2: 56,424
  
• R3: 56,794
  

Market Outlook

• ✅ Bullish Scenario: A sustained move above 55,516 could trigger buying momentum, potentially driving Bank Nifty towards R1 (55,991) and beyond.
  
• ❌ Bearish Scenario: If the index falls below 55,281, selling pressure may increase, pulling it towards S1 (54,929) and lower levels.
  

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