~~ Technical Analysis ~~
# Current Levels and Trends:
As of recent data, the Bank Nifty closed at 55,903.40 on June 2, 2025, up by 153.70 points (+0.28%). The index is trading within an ascending channel on the 15-minute chart, indicating short-term bullish momentum, while the daily timeframe shows a bullish structure with expectations of further upside in the coming months.
Support Levels: Immediate support lies in the 54,530–54,470 range. A break below this could trigger selling pressure, potentially pushing the index toward 54,000 or lower.
Resistance Levels: Key resistance is at 55,950–56,000. Sustaining above 56,000 could signal stronger bullish momentum, with potential targets at 56,750, 57,250, or even 58,000+ in the near term.
Recent Highs and Lows: The 52-week range is 46,077.85–56,098.70, with the index near its all-time high, indicating strong performance year-to-date (+9.26%).
-- Disclaimer --
This analysis is based on recent technical data and market sentiment from web sources. It is for informational and educational purposes only and not financial advice. Trading involves high risks, and past performance does not guarantee future results. Always conduct your own research or consult a SEBI-registered advisor before trading.
#Boost for post will be highly appreciated
# Current Levels and Trends:
As of recent data, the Bank Nifty closed at 55,903.40 on June 2, 2025, up by 153.70 points (+0.28%). The index is trading within an ascending channel on the 15-minute chart, indicating short-term bullish momentum, while the daily timeframe shows a bullish structure with expectations of further upside in the coming months.
Support Levels: Immediate support lies in the 54,530–54,470 range. A break below this could trigger selling pressure, potentially pushing the index toward 54,000 or lower.
Resistance Levels: Key resistance is at 55,950–56,000. Sustaining above 56,000 could signal stronger bullish momentum, with potential targets at 56,750, 57,250, or even 58,000+ in the near term.
Recent Highs and Lows: The 52-week range is 46,077.85–56,098.70, with the index near its all-time high, indicating strong performance year-to-date (+9.26%).
-- Disclaimer --
This analysis is based on recent technical data and market sentiment from web sources. It is for informational and educational purposes only and not financial advice. Trading involves high risks, and past performance does not guarantee future results. Always conduct your own research or consult a SEBI-registered advisor before trading.
#Boost for post will be highly appreciated
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Disclaimer
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renderwithme
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.