Bank Nifty Weekly Outlook (24th Nov – 28th Nov 2025)Nifty Bank IndexNSE_DLY:BANKNIFTYALICEBLUEThe Nifty Bank Index last week ended at 58,867.70, posting a healthy gain of +0.60%. The index continued its upward momentum and is now trading near a crucial supply zone, indicating that the market is at an important decision point for the coming week. 🔹 Key Levels for the Upcoming Week 📌 Price Action Pivot Zone: (58,747 to 58,990) This blue-shaded zone marks the key decision area. Sustaining above 58,990 may invite strong buying interest. Rejection from this zone could lead to mild profit booking. 🔻 Support Levels S1: 58,385 S2: 57,901 S3: 57,397 🔺 Resistance Levels R1: 59,355 R2: 59,843 R3: 60,300 📈 Market Outlook ✅ Bullish Scenario: If Bank Nifty sustains above the Pivot Zone (58,990), the index may move toward R1 (59,355). A strong breakout above this level could extend the rally toward R2 (59,843) and eventually R3 (60,300). ❌ Bearish Scenario: If the index falls below 58,747, short-term weakness may drag it toward S1 (58,385), followed by S2 (57,901) and S3 (57,397). A weekly close below 57,400 could indicate the beginning of a deeper corrective phase. Disclaimer: https://aliceblueonline.com/legal-documentation/disclaimer/