BANKNIFTY Overview
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Bank Nifty closed Monday's session with a Doji candlestick on the daily chart, signaling support formation around 48,200-48,300 levels. However, the
overall trend remains bearish, and a sell-on-rise strategy is advisable unless the index closes above 49,300. Every bounce should be used as a selling
opportunity for lower targets. Immediate support is seen at 48,500, while positional support lies at 48,200. On the upside, resistance is placed at 49,000
and 49,200 levels, keeping the negative bias intact.
Equity & Derivative Segment - Daily Market Outlook
Bank Nifty
48,652
Chg.
-0.67%↓
Bank Nifty Fut Chg.
48,794 -0.48%
Daily Pivot Levels
Pre/Dis
142.0↑
R1 R2
48,373 48,094
PP S1 S2
48,373 48,094
PP S1 S2
48,561 48,840 49,027
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