Banknifty 1 Hour Time Frame August Month

Bank Nifty is moving within a descending channel on the 1-hour chart.

Immediate support: 55,000–55,200.

Intraday strength likely above 55,950, while weakness may emerge below 55,000.

Short-term Buy Setup: Buy above 55,820 → Targets: 55,910, 56,030, 56,150; Stop-loss: 55,650.

Short-term Sell Setup: Sell below 55,550 → Targets: 55,460, 54,305, 54,150; Stop-loss: 55,800

Positional Support / Resistance (Earnometer)

Support zones: 55,364, 54,865, 52,606.

Resistance zones: 55,899, 56,077, 56,261, 56,332, 56,500, 56,566

Pivot Levels (Investing.com India)

Classic pivots:

Support: S1 = 55,527.8; S2 = 55,586.85; S3 = 55,701.35

Pivot Point (PP): 55,760.4

Resistance: R1 = 55,874.9; R2 = 55,933.95; R3 = 56,048.45

Fibonacci pivots:

S1 = 55,586.85; S2 = 55,653.15; S3 = 55,694.1

PP = 55,760.4

R1 = 55,826.7; R2 = 55,867.65; R3 = 55,933.95