Bank Nifty 1 Week Time Frame

🔍 Current snapshot

The index is trading around ~ 58,900-59,000 points.
It recently hit a fresh all-time high of around 59,100 points in recent sessions.
The structure shows it is near upper-resistance territory and signs of short-term exhaustion appear.

✅ Key Weekly Time-Frame Levels

Resistance zones

~ 59,100 – 59,300 points: This is the immediate upper resistance (recent ATH level) which bulls need to clear for a fresh leg up.

On a breakout above ~59,300, the next psychological target zone might be ~59,500-60,000+.

Support zones

~ 58,600 – 58,300 points: A key near-term support zone. Breakdown below ~58,800 may trigger weakness toward this zone.

A stronger support below that is around ~ 57,500 – 57,200 points, which becomes relevant if heavy selling or structural break occurs.