“Cautiously positive on Bank Nifty in the near-term, supported by a strong recovery from day's low. The 55,700–56,000 region is immediate support, while 56,500–56,800 is key resistance. A sustained move above resistance could improve short-term momentum, but failure to hold support may bring selling pressure.”

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