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/

BANKNIFTY ANALYSIS MARCH 2021

ANALYSIS 06-MAR-2021

CMP: 35228; RES: 37721; SUP: 25300

Upside targets: 36500, 40000-41600, 44277, 46350, 53400-55000

Possible downside can be 32000-29500.

As long as 25000 holds, support, my view upside.