Today, Bank Nifty is expected to open flat. If after opening it starts trading and sustains below the 54950–54900 zone, then a downside move toward 54750, 54650, and 54550 is possible.
Further breakdown below 54450 could lead to extended downside targets at 54250, 54150, and 54050 levels.
On the upside, if Bank Nifty sustains above the 55050–55100 zone, it may trigger a bullish rally toward 55250, 55350, and 55450+. However, 55450 remains a strong resistance zone and any bullish move may reverse from there.
Further breakdown below 54450 could lead to extended downside targets at 54250, 54150, and 54050 levels.
On the upside, if Bank Nifty sustains above the 55050–55100 zone, it may trigger a bullish rally toward 55250, 55350, and 55450+. However, 55450 remains a strong resistance zone and any bullish move may reverse from there.
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📈 Trade Smarter with TradZoo!
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📲 Android App: bit.ly/TradZooApp
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📲 Android App: bit.ly/TradZooApp
📲 Forex App:tradzoo.com/forex/download
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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.