Nifty Bank Index – Intraday Analysis (7th Oct 2025)

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Nifty Bank Index – Intraday Analysis (7th Oct 2025)Nifty Bank IndexNSE:BANKNIFTYChartPathikBANKNIFTY Nifty Bank is consolidating at 56,073.05, just under the key zero line (56,105), after a strong rally and some resistance near short-term highs. Price action is at a pivotal decision zone for either renewed upside or profit-taking. Bullish Setup Long Entry (55,997): Fresh long trades are viable above 55,997, where repeated buying supported the upmove in the last session. Additional exposure can be considered if dips hold at 55,946 (add-long band), confirming buyer defense and base-building. Upside Targets: 56,375 (Target 1): First visible supply zone for partial profit booking. 56,542 (Target 2): Extended target if breakout momentum continues. Stop Loss: Use below 55,894 (short entry) or progressively trail stops as price advances. Bearish Setup Short Entry (55,894): Shorts are actionable below 55,894, signaling breakdown of support and control flipping to sellers. Downside Targets: 55,835 (Target 1): First demand zone and bounce area. 55,668 (Target 2): Deeper support mapped for aggressive downside. Stop Loss: Cover shorts if price retakes 55,997. Range/Neutral Logic Zero Line (56,105): This remains the intraday pivot; sustained action above this can target further highs, while repeated rejection or rejection in the short exit area (56,040) may signal short-term exhaustion or a likely pullback.