Trading Plan: Can Nifty 50 reclaim 25,300, Bank Nifty move beyond 57,400?
The Bank Nifty showed signs of a healthy trend, supported by favourable technical indicators, and is on the verge of a breakout above the falling resistance trendline. If it manages to sustain above this trendline, a rally toward 57,400, followed by the record high of 57,628, is possible. However, the 57,000–56,800 zone is expected to act as a key support.
