Saturday, 7 June 2025

BANK NIFTY: BULL or BEAR? Analysis on 07-Jun-2025

LTP: 56578.xx

Supports: 55534/53550/51834/49155/47700

Resistances: 56099 (broken) / 56695


As long as 55534 holds support, we can see 56834 next.

Further 57800/58655/59300.

Extensions: 60555/61200/62200


On the other side, If Bank nifty breaks 55534, 54650, 54100, extensions can be 53500, 53050.


My view: Buy on dips and expecting 56834/57800 in the near term.

https://in.tradingview.com/chart/BANKNIFTY/oliQnHQI-BANK-NIFTY-BULL-or-BEAR-Analysis-on-07-Jun-2025/

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