“Cautious to bearish on Bank Nifty in the near term, with immediate support at 56,000–56,100. A decisive break below this could intensify selling pressure. Recovery attempts are likely to face resistance around 56,600–56,750. The breach of its rising trendline, key moving average supports, and trading below the 200-Day EMA signal increased downside risk.”

Sumeet Bagadia’s track record: 6 graded calls · 95% CI 19–81%