Bank Nifty is consolidating after a recent record high near 60,114, currently oscillating around the 59,300–59,600 zone with an inside‑day type structure. Strong support lies at 59,300–59,000; a break below this band can drag the index toward 58,750–58,000, while resistance is placed at 59,850 and then 60,000–60,500 on the upside. Momentum indicators show overbought readings earlier and have now cooled, making the short‑term trend ambiguous but the larger structure still “buy on dips” as long as 59,000 holds on a closing basis.
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