Technically, immediate support for the Nifty Bank is placed in the 55,000–54,800 zone, followed by a stronger support area near 54,300. On the upside, resistance is seen around 55,500, with a crucial supply zone in the 56,000–56,200 range where multiple moving averages are clustered. A decisive breakout above this band could trigger short-covering and improve sentiment toward 57,000. Conversely, failure to sustain above 55,500 may invite renewed selling pressure.
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