Bank Nifty View (Simple Technical Read)đ Key StatementBank Nifty may go to 60,600 if it stays above 59,900This view makes technical sense, and here’s why đ✅ Why 59,900 Is Important59,900 is acting as a strong support zoneAbove this level:Buyers remain in controlPullbacks are getting absorbedIt also aligns with:Short-term moving average support
Bank Nifty View (Simple Technical Read)
đ Key Statement
Bank Nifty may go to 60,600 if it stays above 59,900
This view makes technical sense, and here’s why đ
✅ Why 59,900 Is Important
59,900 is acting as a strong support zone
Above this level:
Buyers remain in control
Pullbacks are getting absorbed
It also aligns with:
Short-term moving average support
Previous breakout area
đ Upside Targets (If 59,900 Holds)
If Bank Nifty sustains above 59,900 (15–30 min closing basis):
60,200 – First resistance
60,450 – Minor profit booking zone
60,600 – đ¯ Major target (supply zone)
Momentum + volume confirmation can help price test 60,600 smoothly.
⚠️ Risk Side (Very Important)
If 59,900 breaks decisively:
Weakness may creep in
Possible pullback towards:
59,500
59,200
So 59,900 = line of control đ§
đ§ Trading Insight (Non-advisory)
Above 59,900 → Buy-on-dips mindset
Below 59,900 → Wait & watch / defensive approach
Best confirmation:
Strong candles
Good volume
Bank-heavy understanding (HDFC, ICICI, SBI movement)
đ Disclaimer
This analysis is for educational purposes only.
I am not a SEBI-registered advisor.
Market conditions can change rapidly—always manage risk and consult a professional if needed.
Written with AI
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