Technically, immediate support for Nifty Bank is placed near 54,100–54,000, followed by a stronger support zone around 53,500. On the upside, 54,500–54,600 remains the first resistance area, coinciding with the 21- and 50-DMA, while a decisive breakout above 55,200 would be required to improve the near-term technical structure. If the index trades below these resistance levels, rallies are likely to face selling pressure. Looking ahead, price action may remain range-bound with a negative bias amid persistent FII outflows, mixed global cues, and uncertainty surrounding interest-rate expectations. A sustained move above resistance could trigger short covering, whereas a break below support may accelerate downside pressure toward lower levels.
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