Immediate support for Nifty Bank is placed around 54,300–54,200, aligning with recent swing lows and forming a key near-term base. Stronger support is seen near 53,700, close to the 21-DMA. On the upside, resistance is placed at 56,800–57,200, followed by a key hurdle near 57,800–58,200, where multiple moving averages converge. Going forward, the index may see range-bound consolidation with a positive bias, supported by improving global cues and selective buying in financials. A decisive breakout above 57,200 could trigger momentum buying, while a fall below 55,500 may lead to renewed weakness.
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