Nifty Bank Index
Short

NIFTY BANK INDEX

38
#NIFTYBANK Technical Analysis (15min chart)

Resistance Levels: 55,700 / 55,900 / 56,200

Support Levels: 55,250 / 55,000/54,600

Pattern: Rising wedge breakdown - bearish signal

Trendline: Broken upward trendline shows weakening bullish momentum

▲ Caution: Price failing to hold above key resistance at 55,700 indicates
potential short-term reversal.

Fundamental Outlook: Awaiting RBI commentary, PSU banks strong but profit booking visible. Volatility likely near monthly expiry.

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