<\/p>\n
Today’s session started with a **gap-down opening**, reflecting cautious sentiment and continued news-driven volatility. However, buyers became active near important support zones, helping the market recover sharply from lower levels during the first half.<\/p>\n
As highlighted in the community updates, the recovery move faced strong **absorption near higher zones**, indicating the presence of sellers at resistance. The market failed to sustain above resistance levels and witnessed fresh rejection along with intraday volatility. Despite the pullback, both Nifty and Bank Nifty managed to close near their value areas, suggesting a balanced market structure rather than a complete breakdown.<\/p>\n
The overall market remains in a consolidation phase, with participants reacting quickly to news flow and global developments. Until a decisive breakout or breakdown occurs, support and resistance levels will continue to drive intraday price action.<\/p>\n
—<\/p>\n
## NIFTY<\/p>\n
### Support Zones<\/p>\n
* **23,150 \u2013 23,100**
\n* **23,050 \u2013 22,970**<\/p>\n
### Resistance Zones<\/p>\n
* **23,200 \u2013 23,230**
\n* **23,300 \u2013 23,415**<\/p>\n
### View<\/p>\n
Nifty recovered well from support but faced rejection at higher levels. Sustaining above 23,230 could trigger fresh upside momentum, while a break below 23,150 may invite renewed selling pressure.<\/p>\n
—<\/p>\n
## BANK NIFTY<\/p>\n
### Support Zones<\/p>\n
* **55,060 \u2013 54,990**
\n* **54,820 \u2013 54,670**<\/p>\n
### Resistance Zones<\/p>\n
* **55,220 \u2013 55,350**
\n* **55,590 \u2013 55,830**<\/p>\n
### View<\/p>\n
Bank Nifty remains relatively stronger and continues to hold its value area. A move above 55,350 can attract fresh buying interest, while failure to hold 55,000 may result in profit booking.<\/p>\n
—<\/p>\n
## Market Sentiment<\/p>\n
\u2705 Gap-down opening but strong support-based recovery
\n\u2705 Absorption visible near resistance zones
\n\u2705 Rejection from higher levels as expected
\n\u2705 Market closed near value zones
\n\u2705 News-based volatility remains elevated
\n\u2705 Range-bound structure continues<\/p>\n
—<\/p>\n
## Trading Plan For Tomorrow<\/p>\n
\u2714 Watch opening reaction around value area levels
\n\u2714 Support zones remain crucial for maintaining bullish bias
\n\u2714 Resistance breakout needed for fresh momentum
\n\u2714 Continue to expect news-driven volatility and fast intraday moves<\/p>\n
**Overall Bias:** Neutral to Positive above support zones. Expect range-bound action unless either support or resistance is decisively broken.<\/p>\n","protected":false},"template":"","article-category":[],"article-tags":[],"class_list":["post-41726","article","type-article","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article\/41726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article"}],"about":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/types\/article"}],"wp:attachment":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/media?parent=41726"}],"wp:term":[{"taxonomy":"article-category","embeddable":true,"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article-category?post=41726"},{"taxonomy":"article-tags","embeddable":true,"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article-tags?post=41726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}