Today’s session opened with a gap-up, but buyers failed to sustain near resistance as strong selling absorption emerged. The market later found support, where fresh buying led to a healthy recovery.
Despite increased volatility in the final hour, buyers defended lower levels, and the market closed near the value zone, maintaining a balanced, range-bound structure.
📌 Technical Levels
NIFTY
🔹 Resistance: 24,006 | 24,116–24,135 | 24,189–24,223
🔹 Support: 23,974 | 23,920 | 23,796
BANK NIFTY
🔹 Resistance: 57,322 | 57,422 | 57,693–57,849
🔹 Support: 57,237 | 57,179 | 56,833
🎯 Trading View
📈 Sustaining above 24,006 (Nifty) and 57,322 (Bank Nifty) may trigger fresh upside momentum.
📉 A break below immediate support could invite renewed selling pressure.
Overall Bias: Balanced with a slight positive bias. Until a decisive breakout occurs, expect range-bound trading and focus on price confirmation around key levels. 📊🔥