By earn 
Nifty’s Recent Performance
After an impressive rally, the Nifty index has successfully retested its new high, confirming the bullish trend discussed in our previous week’s analysis. Currently, we find ourselves within the 25520 to 25240 range. This tight band will be crucial for market participants to observe closely as it could indicate the next directional move for Nifty.
Bank Nifty Builds a Stable Base
Meanwhile, Bank Nifty has shown resilience by forming a solid base around the 51500 to 51400 range. Holding above this level is essential, as it could pave the way for another attempt to reach the previous high at around 52200. This is an important area for traders, and maintaining momentum above the support line may indicate further bullish potential.
Watch Out for Today’s Market Activities
As we head towards the end of the trading week, it’s crucial to focus on today’s market opening and range identification. Being Friday, market movements can often become erratic, and this week is no different. It will be important to validate all levels after the market settles, ensuring we remain informed as we analyze the evolving trends. Traders should stay vigilant, particularly around key support and resistance levels for both Nifty and Bank Nifty.
