The Bank Nifty index continues to consolidate within a narrow range, maintaining a positive bias above the 200-period MA at 57,450. A decisive breach above the tough resistance hurdle at 58,600 is needed to trigger a fresh upward move in the coming days, with near-term support at the 50-EMA level of 57,000.

Vaishali Parekh’s track record: 14 graded calls · 95% CI 1–31%

Bank Nifty IndexBullishCalled 10 Aug 2026Graded 31 Aug 2026