Monday, 19 May 2025

BANK NIFTY @ 55375 - Bigger Picture Analysis 19-May-2025

Supports: 53477/51850/49155/47700

Resistances: 55555/56100


As per my analysis, BN is moving in bull trend and expecting the continuation towards 60K+ in the medium term.

Base support is at 49155/47700.

As long as these supports hold, we will see more upside towards 60K/65K/75K.


Target Zones:

Min target: 56150-56800-57900

Ultimate target 1: 59300, 60555-61150-62200

Ultimate target 2: 64900-65555-67600

Extended target: 75500


https://in.tradingview.com/chart/BANKNIFTY/0K6nmkj1-BANK-NIFTY-55355-Bigger-Picture-Analysis-19-May-2025/

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