The Bank Nifty faces immediate resistance in the 58,500-58,600 zone. A sustained move above this range could lead to an advance towards 59,000 and subsequently 59,500. On the downside, the 57,600-57,500 zone is expected to provide immediate support, indicating a bullish outlook if resistance is breached.

Sudeep Shah’s track record (trackable calls only): 7 graded calls · 95% CI 0–35%

Bank NiftyBullishCalled 12 Jul 2026Graded 11 Aug 2026