BANKNIFTY 1D Time frame

🔢 Current Level

Trading near ₹54,809

🔑 Key Resistance & Support Levels

Resistance Zones:

~ ₹55,000 – ₹55,200 (immediate resistance)

~ ₹55,500 – ₹55,700 (stronger resistance above)

Support Zones:

~ ₹54,500 – ₹54,600 (first support)

~ ₹54,200 – ₹54,300 (secondary support)

~ ₹53,800 – ₹54,000 (deeper support if selling extends)

📉 Outlook

Bullish Scenario: A close above ₹55,000 may trigger momentum toward ₹55,500+.

Bearish Scenario: A slip below ₹54,500 could drag price toward ₹54,200 or even ₹53,800.

Neutral / Range: Between ₹54,500 – ₹55,200, sideways movement likely until a breakout.