BANKNIFTY Overview

 BANKNIFTY Overview

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After the RBI policy announcement, profit booking was observed in the Bank Nifty index during Friday's session. However, the overall sentiment remains
bullish, and buying opportunities persist as long as the index stays above 49600 where its 21 days EMA is placed. On the technical front, immediate
support is placed at 49,900, providing a cushion against further downside. On the upside, resistance levels are seen at 50,500 and 50,800, where selling
pressure may emerge. A sustained move above these levels could drive further upside momentum in the index.
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Equity & Derivative Segment - Daily Market Outlook
Bank Nifty
50,159
R1
Chg.
-0.44%↓
R2
49,806 49,453
Pre/Dis
-0.50% 195.7个
Bank Nifty Fut Chg.
50,355
Daily Pivot Levels
PP
S1
S2
50,995
50,224 50,577