BANK NIFTY ANALYSIS – 1 NOV 2025

LTP: 57,776

Supports: 54,225 / 53,555 / 47,700
Resistance: 58,578

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🔹 Chart Overview

Bank Nifty continues to maintain its bullish structure, with price staying comfortably above key support zones. The recent consolidation near 57,000–58,000 indicates a healthy pause within an ongoing uptrend.

As long as 53,555 remains protected, the index is likely to resume its upward journey, targeting:

• 59,755 (short-term target)

• 62,250 – 63,389 – 65,750 (medium-term targets)

• 69,555 – 71,021 – 73,300 (extended targets)

The primary wave count suggests a bullish continuation pattern, with wave (3) still unfolding. However, an alternate bearish count exists, which becomes valid only if Bank Nifty breaks and sustains below 53,555.

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🔹 Technical View

• RSI remains in the positive zone, supporting continued strength.

• The trend channel remains intact, with higher highs and higher lows.

• A breakout above 58,578 will confirm renewed bullish momentum.

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🔹 Summary

✅ Primary View: Bullish continuation above 53,555
⚠️ Alternate View: Bearish correction only below 53,555
🎯 Upside Potential: 59,755 → 63,389 → 73,300

Bank Nifty continues to show strength across timeframes — buy on dips remains the preferred strategy until major supports are violated.

https://in.tradingview.com/chart/BANKNIFTY/LqhNzmud-BANK-NIFTY-ANALYSIS-1-NOV-2025/

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