BANKNIFTY 1D Time frame

Current Level: ₹54,651

Opening Level: ₹54,460

Day’s Range: ₹54,366 – ₹54,686

🔑 Key Support & Resistance

Immediate Support: ₹54,500

Immediate Resistance: ₹54,800

Pivot Point: ₹54,651

📈 Strategy (1D Timeframe)
1. Bullish Scenario

Entry: Above ₹54,800

Stop-Loss: ₹54,500

Target: ₹55,100 → ₹55,300

2. Bearish Scenario

Entry: Below ₹54,500

Stop-Loss: ₹54,800

Target: ₹54,300 → ₹54,100

⚠️ Risk Management

Limit risk to 1% of capital per trade.

Always use stop-loss to protect against unexpected market moves.

Watch sector news and broader market trends that can impact BANKNIFTY.