NIFTY 50 :
- Nifty 50 is currently attempting to find support in the 23,300–23,000 zone following the recent sharp sell-off.
- The immediate resistance is placed at 23,500–23,600, while 23,770–23,800 remains the next key hurdle on the upside.
- On the downside, 23,300 and 23,200 are the immediate support levels to watch.
- Sustained acceptance above 23,600 may support a recovery, while a decisive break below 23,200 could invite further weakness.
- Nifty 50 is currently attempting to find support in the 23,300–23,000 zone following the recent sharp sell-off.
- The immediate resistance is placed at 23,500–23,600, while 23,770–23,800 remains the next key hurdle on the upside.
- On the downside, 23,300 and 23,200 are the immediate support levels to watch.
- Sustained acceptance above 23,600 may support a recovery, while a decisive break below 23,200 could invite further weakness.
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BANKNIFTY :
- Bank Nifty has successfully respected the 56,000 level on a closing basis, keeping this zone as an important support base.
- The immediate resistance is placed at 56,800–57,000, followed by 57,500 as the next key hurdle.
- On the downside, 56,300, 56,000, and 55,500 remain the key support levels to monitor.
- Sustained acceptance above 57,000 may support further recovery toward 57,500, while a decisive breakdown below 56,000 could reopen downside pressure toward 55,500.
- Bank Nifty has successfully respected the 56,000 level on a closing basis, keeping this zone as an important support base.
- The immediate resistance is placed at 56,800–57,000, followed by 57,500 as the next key hurdle.
- On the downside, 56,300, 56,000, and 55,500 remain the key support levels to monitor.
- Sustained acceptance above 57,000 may support further recovery toward 57,500, while a decisive breakdown below 56,000 could reopen downside pressure toward 55,500.
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