Bank Nifty view - August 2025Nifty Bank IndexNSE:BANKNIFTYtusharbedekarBank Nifty is trading around a crucial decision zone as we enter August 2025. The index is currently oscillating near significant technical levels that could dictate the next major directional move. Here’s a detailed outlook based on the latest key levels: Bearish Scenario Bank Nifty will turn distinctly bearish if it sustains below 56,040, especially if confirmed by persistent price action and volume. This breakdown could trigger accelerated selling and open up the following downside targets: First Support Target - 55,475 If the index remains under 56,040, expect initial support around 55,475. This is the first area where some short covering or intraday bounce is possible. However, failure to hold here may invite further downside pressure. Second Support Target - 54,885 A break below 55,475 paves the way towards the next meaningful support at 54,885. Watch for momentum and volume cues at this level; a lack of buying interest can result in a steeper fall. Final Support Target - 54,302 Should the selling persist unabated, Bank Nifty could test the final support at 54,302. A close below this level could confirm a deeper corrective move, signaling increased bearish sentiment and potentially inviting broader market weakness. Bullish Scenario Bank Nifty would flip decisively bullish on a sustained move above 56,600. This breakout could attract fresh buying interest and propel the index toward the following upside targets: First Resistance Target - 57,280 A breakout above 56,600 should see the index quickly challenging 57,280. Monitor price behaviour here for signs of continuation or profit booking. Second Resistance Target - 57,630 Further strength above 57,280 could carry Bank Nifty to 57,630. This level represents short-term resistance and could see volatile swings. Final Resistance Target - 58,205 Sustained bullish momentum may take the index to 58,205. Watch for signs of exhaustion or reversal as this is a critical resistance zone. Risk Management: Adopt a tight trailing stop-loss (TSL) to protect profits, as volatility can cause sharp pullbacks. Remain nimble and prepare to cover positions promptly. This analysis is intended purely for educational purposes and should not be considered as financial advice.