Immediate support is placed around 55,350–55,300, followed by the psychological 55,000 level and a stronger support zone near 54,800. On the upside, 55,760 is the first resistance, while 56,000–56,300 could restrict a sustained recovery. Beyond that, the 100- and 21-DMA, placed near 56,572 and 56,685, respectively, form a major resistance cluster. A decisive close above 56,000 could extend the rebound, while a break below 55,000 may renew selling pressure. Elevated crude prices, geopolitical tensions, foreign outflows, and high global bond yields remain key risks. Although strength in private banks could provide selective support.
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