Today’s session started with a **gap-up opening**, supported by positive sentiment in the banking space. However, Nifty initially witnessed rejection from higher levels as sellers became active near resistance zones. Despite the early rejection, important support levels held firmly and the index managed to recover during the second half, resulting in a balanced and rotational session.
The standout performer was **Bank Nifty**, which maintained a bullish structure throughout the day. Strong participation from both PSU and private banking stocks supported the index, helping it outperform the broader market. Consistent buying interest at support zones and sustained momentum allowed Bank Nifty to close near the day’s highs and important resistance levels.
Overall, the market sentiment remains cautiously positive, but with indices approaching resistance zones, tomorrow’s session will be crucial to determine whether buyers can extend the rally or profit booking emerges near higher levels.
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NIFTY
Support Zones
* 23,206 – 23,177
* 23,149 – 23,056
### Resistance Zones
* 23,249 – 23,304
* 23,386 – 23,415
### View
Nifty remains in a consolidation structure. Sustaining above 23,249 may open the door towards 23,304–23,415. However, failure to hold 23,206 could trigger profit booking towards lower support zones.
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BANK NIFTY
Support Zones
* 55,059 – 55,008
* 54,661 – 54,507
### Resistance Zones
* 55,264 – 55,405
* 55,548 – 55,804
### View
Bank Nifty continues to display relative strength. Holding above 55,059 keeps the bullish structure intact. A breakout above 55,264 may accelerate momentum towards 55,405–55,548 and higher.
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## Market Sentiment
✅ Gap-up opening maintained
✅ Nifty remained balanced and range-bound
✅ Bank Nifty showed strong bullish momentum
✅ PSU and Private Banks led the rally
✅ Market closed near resistance zones
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## Trading Plan For Tomorrow
✔ Watch Bank Nifty for leadership signals
✔ Nifty needs a breakout above resistance for fresh momentum
✔ Support zones remain crucial for maintaining bullish sentiment
✔ Expect stock-specific action in banking and financial counters
**Overall Bias:** Neutral to Positive. Bank Nifty remains stronger than Nifty, and a breakout above resistance zones could trigger the next leg of upside momentum.