Nifty Bank Index
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BANKNIFTY 1H Time frame

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BankNifty 1H Snapshot

Current Price: ~54,581

Recent Range: ~54,400 – 54,700

Bias: Slightly bullish, holding above short-term support

📈 Key Levels

Immediate Resistance: 54,650 – 54,700

Next Resistance: 54,800 → if broken, can open upside momentum

Immediate Support: 54,450

Deeper Support: 54,300 → then 54,000

🔎 Indicators (1-Hour)

RSI: Mid-60s → bullish but not yet extreme

MACD: Positive crossover → supports buying momentum

Stochastic: Near overbought → watch for minor pullback

🧭 Outlook

Bullish Case: Sustained above 54,600 → next push toward 54,700-54,800

Bearish Case: Slip below 54,450 → opens weakness toward 54,300

Overall Bias: Moderately bullish while holding above 54,450

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