Nifty and Bank Nifty are expected to open lower amid global cues like failed US-Iran talks, but both retain a sideways-to-bullish bias if key supports hold. Pre-market GIFT Nifty indicates a gap-down start around 23,900-24,000 for Nifty and 55,500 for Bank Nifty.
Nifty Direction
Recent close at 24,050 with 1.16% gain sets a cautiously optimistic tone. Key support at 24,000/23,900; break below risks 23,800, while above 24,100 targets 24,300-24,400.
Mild bullish bias in range 23,900-24,100.
Resistance cluster at 24,000-24,400.
Bank Nifty Direction
Closed at 55,913 (+1.99%), neutral between 55,500-56,000. Hold above 55,800 crucial; downside to 55,500 on weakness, upside beyond 56,000.
Index Support Resistance Bias
Nifty 24,000 / 23,900
24,100 / 24,400
Sideways-Bullish
Bank Nifty 55,500 / 55,800
56,000
Neutral
