Bank Nifty 50 Weekly Outlook (22nd June – 26th June 2026)Nifty Bank IndexNSE_DLY:BANKNIFTYALICEBLUEThe Nifty Bank Index last week ended at 57,714.85, gaining +28.05 points (+0.05%) on the weekly chart, indicating a consolidation phase near the key price action pivot zone. 🔹 Key Levels for this Week 📌 Price Action Pivot Zone (57,593–57,887) This blue-shaded area represents the crucial weekly decision zone. Sustaining above 57,887 may trigger fresh bullish momentum, while rejection from this zone could keep the market under pressure. 🔻 Support Levels S1: 56,830 S2: 56,056 S3: 55,420 🔺 Resistance Levels R1: 58,350 R2: 59,057 R3: 59,713 📈 Market Outlook ✅ Bullish Scenario: If Bank Nifty manages to reclaim and sustain above the Price Action Pivot Zone (57,593–57,887), buying momentum could push the index toward R1 (58,350). A decisive breakout above this level may extend the rally toward R2 (59,057) and R3 (59,713). ❌ Bearish Scenario: If the index fails to hold above 57,593, selling pressure may intensify, dragging Bank Nifty toward S1 (56,830). A breakdown below this support could open the doors for a move toward S2 (56,056) and S3 (55,420). Disclaimer: https://aliceblueonline.com/legal-documentation/disclaimer