BANKNIFTY maintains robust structural bullishness at ₹60,007.9 (-0.18%) trading decisively above 50DMA ₹58,887 and 200DMA ₹55,982 despite minor intraday pullback from day-high ₹60,052, confirming multi-week uptrend intact near all-time high zone ₹60,437.
Bullish weekly marubozu candle with breakout above 5-week 58,800–60,100 consolidation range validates PSU/private bank momentum, immediate support cluster ₹59,800–60,000 (psychological + rising trendline) holds firm for continuation bias.
Optimal positional entry at dips to ₹59,750–59,900 (key Put OI + 20D EMA confluence) targets R1 ₹60,350–60,500 then ₹61,000+ breakout, tight stops below ₹59,500 protect against FII selling pressure amid strong DII dip-buying support.Warning-
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