BANKNIFTY Overview
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On Thursday, Bank Nifty faced strong selling pressure near the 49,800 resistance level, forming a long-wicked bearish candlestick, signaling bearish
dominance. The index closed below its 21-day EMA, reinforcing a negative bias. Given this setup, traders should adopt a cautious stance. Immediate
support is seen at 49,000, while resistance remains at 49,800. A break below support could trigger further downside, while a rebound may face selling
pressure near resistance.
Bank Nifty Chg. Bank Nifty Fut Chg. Pre/Dis
49,360 -0.24%↓ 49,571 -0.29%↓ 211.6 ↑
Daily Pivot Levels
R1 R2 PP S1 S2
49,145 48,931 49,491 49,705 50,051
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