Banknifty August 4th Week AnalysisNifty Bank IndexNSE:BANKNIFTYIshanMathur05Bank Nifty closing at 57,561 is at a crucial point. We can say that Bank Nifty has closed right at the resistance level. In the upcoming week, if Bank Nifty is able to cross and sustain above 57,938, then we can expect the uptrend to continue up to the next resistance zone of 59,169–59,456.However, if Bank Nifty fails to cross the immediate resistance level and breaches the important zone of 57,391–57,117, then we can expect a retracement up to 56,570. All levels are marked in the chart posted.