NIFTY BANK INDEX

31
Nifty Bank Index โ€“ 15-Minute Timeframe (As of May 9, 2025)

๐Ÿ“Œ Intraday Support & Resistance (15-min Chart):

๐Ÿ”ป Support Levels:
53,500 โ€“ Strong intraday support; multiple bounces seen here
53,200 โ€“ Minor support from morning session
52,900 โ€“ Gap-fill zone and previous demand area

๐Ÿ”บ Resistance Levels:
53,850 โ€“ VWAP + supply rejection area
54,200 โ€“ Key resistance from early session high
54,500 โ€“ Major barrier; breakdown retest level

๐Ÿ“‰ Intraday View: Trend remains weak below 54,200; bulls need a reclaim above 54,500 for momentum. Short-term scalpers should watch price action around VWAP (near 53,850).

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