Bank Nifty Spot: 56,104.85

The index continues to trade within a well-defined technical structure, guided by short-term exponential moving averages (EMAs) and critical support-resistance ranges. The 20-hour EMA stands at 55,625, while the 40-hour EMA is placed at 55,362. On the daily chart, the 20-day and 40-day EMAs are nearly aligned at 55,101 and 55,145 respectively — a sign of short-term consolidation before a potential directional move.

Traders are closely watching the 55,710 zone as a key inflection point that could decide the immediate bias for today’s intraday session.

💡 Bank Nifty Technical Summary

• 📊 Support Zones: 55,710 — 55,425 — 54,885
• 📈 Resistance Zones: 56,250 — 56,420 — 56,765
• ⚙️ Short-Term Trend: Neutral with upside bias if support holds at 55,710.

According to market structure, the level of 55,710 will act as a pivot for intraday trades. Sustained trading above this could trigger momentum toward 56,420–56,765, while failure to defend it could extend the decline toward 55,425 and 54,885.

Traders are advised to remain cautious near resistance levels and watch for confirmation before entering new positions. The trend remains sideways-to-positive as long as Bank Nifty holds above 55,710 on a closing basis.

Those tracking short-term momentum can stay updated with our precision-driven Nifty Tip to complement daily index setups and volatility adjustments.

📉 Intraday View: If Bank Nifty sustains above 55,710 post-opening, an upside move toward 56,250–56,765 could unfold. Conversely, a breakdown below this key support might invite renewed weakness, taking the index closer to 55,425 and eventually 54,885.

💡 Traders can monitor sector leadership from financial heavyweights like HDFC Bank and ICICI Bank for additional directional cues.

To identify volatility-linked setups, explore our data-backed Bank Nifty Tips curated for intraday and expiry sessions.

With global indices showing mixed cues and domestic liquidity supporting dips, the 55,700–55,800 zone continues to serve as a decisive base for the index. Sustaining above it could reignite momentum toward the 56,400 zone, while a breach might trigger short unwinding across financial stocks.

Investor Takeaway: Bank Nifty remains in a balanced setup between 55,700 and 56,400 zones. Traders should maintain tight stop losses and adopt a level-based approach to manage risk during intraday swings.

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