Neutral on Bank Nifty, which needs to hold above 58,000 for a bounce towards 58,500-58,750. Support is seen at 57,750-57,500. The index formed a large bullish candle with buying interest at lower levels and is holding above its 50 DEMA, but failed to sustain higher levels in the previous session.

Chandan Taparia’s track record: 3 graded calls · 95% CI 0–56%

Bank NiftyNeutralCalled 01 Sep 2026
Verdict:PENDING

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