“Mehul Kothari observes that the Nifty Bank has confirmed a breakout from a falling trend line, indicating improving momentum in the banking space. However, it faces strong resistance near 56,500, and until this is decisively crossed, the index may see pressure at higher levels. For the coming week, he identifies crucial rising trend line support near 55,000, followed by 54,200.”

Mehul Kothari’s track record: 7 graded calls · 95% CI 8–64%