Forwarded from Geeksofnifty #DailySignals
#BANKNIFTY 5MIN TF
📉 **Bank Nifty Analysis:**
- 🚧 **Resistance:** 48,800-49,000 (Strong selling zone)
- 🛑 **Support:** 47,200 (Demand zone)
- 🔻 **Bearish Break:** 48,000-48,200 support broken, now retesting
- 📈 **Channel Forming:** Rising pattern; breakdown = more downside
🔍 **Outlook:**
- 🔴 Bearish if 48,500-48,600 holds as resistance
- 🟢 Bullish if price breaks above 48,600-48,700
📊 **Key Levels:** Watch 48,500-48,600 & 47,800 for direction.
📉 **Bank Nifty Analysis:**
- 🚧 **Resistance:** 48,800-49,000 (Strong selling zone)
- 🛑 **Support:** 47,200 (Demand zone)
- 🔻 **Bearish Break:** 48,000-48,200 support broken, now retesting
- 📈 **Channel Forming:** Rising pattern; breakdown = more downside
🔍 **Outlook:**
- 🔴 Bearish if 48,500-48,600 holds as resistance
- 🟢 Bullish if price breaks above 48,600-48,700
📊 **Key Levels:** Watch 48,500-48,600 & 47,800 for direction.