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.
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.
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.
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## NIFTY
### Support Zones
* **23,150 – 23,100**
* **23,050 – 22,970**
### Resistance Zones
* **23,200 – 23,230**
* **23,300 – 23,415**
### View
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.
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## BANK NIFTY
### Support Zones
* **55,060 – 54,990**
* **54,820 – 54,670**
### Resistance Zones
* **55,220 – 55,350**
* **55,590 – 55,830**
### View
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.
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## Market Sentiment
✅ Gap-down opening but strong support-based recovery
✅ Absorption visible near resistance zones
✅ Rejection from higher levels as expected
✅ Market closed near value zones
✅ News-based volatility remains elevated
✅ Range-bound structure continues
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## Trading Plan For Tomorrow
✔ Watch opening reaction around value area levels
✔ Support zones remain crucial for maintaining bullish bias
✔ Resistance breakout needed for fresh momentum
✔ Continue to expect news-driven volatility and fast intraday moves
**Overall Bias:** Neutral to Positive above support zones. Expect range-bound action unless either support or resistance is decisively broken.