Bank Nifty trades comfortably above its short-term and long-term moving averages, indicating a strong underlying bullish structure supported by momentum indicators. The 58,700-58,800 zone is key resistance; a decisive breakout above 58,800 could lead to a sharp upward move towards 59,400.

Sudeep Shah’s track record: 14 graded calls · 95% CI 16–61%

Bank Nifty IndexBullishCalled 08 Jul 2026Graded 07 Aug 2026