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 & wat...