📊 Tomorrow Market Outlook
Markets attempted to move higher but faced strong absorption near resistance, leading to a sharp rejection. Sellers gained control in the second half, and increased volatility pushed both Nifty and Bank Nifty near key support zones by the close.
🔹 Rejection from resistance
🔹 Weak order flow at higher levels
🔹 Selling pressure intensified in the second half
🔹 Market closed near critical support
🔹 Caution remains due to news-driven volatility
📈 NIFTY
Support: 23,795 – 23,783
Resistance: 23,920 – 23,960
🏦 BANK NIFTY
Support: 57,090 – 57,005
Resistance: 57,384 – 57,523
🎯 Bias: Cautious. Holding support may trigger a relief bounce, while a breakdown below support could extend today’s weakness.
⚠️ Watch global cues, crude oil, geopolitical developments, and institutional activity closely.
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