“Bank Nifty faces immediate resistance at 58,000–58,100. A decisive breakout above 58,100 would signal a resumption of the uptrend, potentially leading to a rally towards 58,600, then 59,200 in the short term. The 50-day EMA around 57,100–57,000 provides strong support, and sustaining above this band keeps the broader bullish structure intact.”

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