Bank Nifty – Simple Technical View

Bank Nifty formed a symmetrical pattern yesterday and gave a breakdown around 12:30 PM. After that, the market recovered strongly and rallied near 61,100. Later, a small pullback happened and the trend again turned bullish.

🔼 Bullish Expectation

• Target: 61,750
  If buying momentum continues, price may move towards the previous resistance zone at 61,750.

🔽 Bearish Possibility

• Support: 60,550
  If the market faces rejection near resistance and reverses, it may fall towards 60,550.

👉 Watch price reaction near resistance to decide the next move.