DisclaimerThis analysis is for educational and informational purposes only.I am not a SEBI-registered advisor. Markets are risky — always use your own judgment, position sizing, and risk management.
đ Bank Nifty Outlook: 60400 Possible If 59600 Holds View (Conditional): đ Bank Nifty may move towards 60400 if it sustains above 59600 This is a price-action based observation, not a prediction carved in stone. đ Why 59600 Is Important 59600 is acting as a strong support zone It represents: Previous consolidation Buyer interest on dips Psychological comfort for bulls As long as Bank Nifty stays above 59600 on closing basis, the market sentiment remains constructively bullish. đ Upside Structure If support holds: First strength confirmation: 59850–60000 Momentum expansion zone: 60150–60300 Probable target zone: 60350–60400 đ 60400 is not magic — it’s a logical extension of the current range and momentum. ⚠️ What Can Go Wrong? Markets always have a “but”. If 59600 breaks and sustains below Bulls may step back Short-term weakness can creep in Price may revisit lower consolidation zones So the entire bullish view is invalid below 59600. đ§ How to Read This as a Retai...