Bank Nifty 50 Weekly Outlook ( 25th May – 29th May 2026)Nifty Bank IndexNSE_DLY:BANKNIFTYALICEBLUEThe Nifty Bank Index last week ended at 54,055.35, gaining +345.00 points (+0.64%) on the weekly chart, indicating a consolidation phase near the key pivot zone. 🔹 Key Levels for this Week 📌 Price Action Pivot Zone (54,024–54,372) This blue-shaded area represents the crucial weekly decision zone. Sustaining above 54,372 may trigger fresh bullish momentum, while rejection from this zone could keep the market under pressure. 🔻 Support Levels S1: 53,328 S2: 52,632 S3: 51,936 🔺 Resistance Levels R1: 55,068 R2: 55,764 R3: 56,460 📈 Market Outlook ✅ Bullish Scenario: If Bank Nifty manages to reclaim and sustain above the pivot zone (54,024–54,372), buying momentum may push the index toward R1 (55,068). A sustained move above this level could further extend the rally toward R2 (55,764) and R3 (56,460). ❌ Bearish Scenario: If the index fails to hold above 54,024, selling pressure may continue, dragging Bank Nifty toward S1 (53,328). Disclaimer: aliceblueonline.com/legal-documentation/disclaimer/