Bank Nifty Outlook: 59700 Possible if 58800 Holdsđš Key ConditionSupport level: 58800Bullish target: 59700Logic: As long as Bank Nifty sustains above 58800, upside continuation remains open.
đ Bank Nifty Outlook: 59700 Possible if 58800 Holds
đš Key Condition
Support level: 58800
Bullish target: 59700
Logic: As long as Bank Nifty sustains above 58800, upside continuation remains open.
đ§ Why 58800 Matters
58800 is acting like a strong demand zone / support base
Above this level:
Buyers remain confident
Shorts hesitate to add positions
Below this level:
Bullish structure weakens
Risk of range breakdown increases
đ Path to 59700 (If Bullish)
If Bank Nifty:
Holds above 58800 on closing basis
Shows higher low formation on 15-min / hourly chart
Gets banking heavyweight support (HDFC
đ Then 59700 becomes a logical upside extension, not an aggressive call.
⚠️ Risk Factors to Watch
Failure to hold 58800 in the first half of the session
Sharp selling in PSU or private banks
Global cues turning negative (US yields, Dow futures)
đ¯ Practical Trading View (Not Advice)
Bullish bias: Above 58800
Range expansion: 59250 → 59700
Caution zone: Below 58800 (wait & watch)
đ Final Thought
statement is conditional and disciplined, not emotional—which is exactly how market views should be framed:
“Bank Nifty may go up to 59700 if it stays above 58800.”
Written with AI
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