Bank Nifty is facing resistance near 58,700, and Nifty Midcap Select is struggling near 14,700. All three indices have reached the upper end of their ranges, indicating a sideways to negative short-term bias until these resistance levels are decisively breached.

Jay Thakkar’s track record: 5 graded calls · 95% CI 12–77%

Bank NiftyNeutralCalled 08 Jul 2026Graded 01 Aug 2026