BANK NIFTY DAILY CHART ANALYSIS

The Bank Nifty Index is currently in a consolidated bullish phase, closing at 58,177.05 after testing an intraday high of 58,706.05. Bank nifty is currently in a range and is trading and consolidating near its previous swing high of 57456. We may expect more upside if Bank nifty breaks and closes above today's high of 58708 and the the next major resistance would be between 60,400 and 60,500 levels. If it breaks and closes below 57,400 levels the previous resistance acting as support for Bank Nifty the next major support will be 55,00 and 54,900 levels. Top Gainers : $SBIN $ICICIBANK $KOTAKBANK