Bank Nifty Weekly Analysis: Key Levels & Trend Outlook
Weekly Recap:
The Bank Nifty closed the week at 48981, posting a decline of -0.24%.
Key Weekly Levels for Next Week
Price Action Pivot Zone:
The crucial range to watch for potential reversals or trend continuation is 48,948 - 49,092
Support & Resistance Levels:
Support Levels:
S1: 48, 738
S2: 48,540
S3: 48,100
Resistance Levels:
R1: 49,248
R2: 49,426
R3: 48,881
Market Outlook:
Bullish Scenario: If Bank Nifty sustains above 49,092, it could see buying interest, potentially pushing towards R1 at 49,248 and higher levels.
Bearish Scenario: A breakdown below 48,948 could trigger further downside pressure, targeting S1 at 48,738 and lower support levels.
The Bank Nifty closed the week at 48981, posting a decline of -0.24%.
Key Weekly Levels for Next Week
Price Action Pivot Zone:
The crucial range to watch for potential reversals or trend continuation is 48,948 - 49,092
Support & Resistance Levels:
Support Levels:
S1: 48, 738
S2: 48,540
S3: 48,100
Resistance Levels:
R1: 49,248
R2: 49,426
R3: 48,881
Market Outlook:
Bullish Scenario: If Bank Nifty sustains above 49,092, it could see buying interest, potentially pushing towards R1 at 49,248 and higher levels.
Bearish Scenario: A breakdown below 48,948 could trigger further downside pressure, targeting S1 at 48,738 and lower support levels.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.