Bank Nifty Weekly Outlook (1st Dec – 5th Dec 2025)

The Nifty Bank Index last week ended at 59,752.70, posting a healthy gain of +1.50%. The index continued its strong upward momentum and is now trading near a crucial supply zone, suggesting that the market is at an important decision point for the upcoming week.

🔹 Key Levels for the Upcoming Week
📌 Price Action Pivot Zone: (59,631 to 59,876)
Sustaining above 59,876 may invite aggressive buying interest.
Rejection from this zone could trigger mild to moderate profit-booking.

🔻 Support Levels
S1: 59,266
S2: 58,779
S3: 58,350

🔺 Resistance Levels
R1: 60,244
R2: 60,735
R3: 61,110

📈 Market Outlook
✅ Bullish Scenario:
If Bank Nifty sustains above the Pivot Zone (59,876), the index may move toward R1 (60,244). A strong breakout above R1 could extend the rally toward R2 (60,735) and eventually R3 (1,110).

❌ Bearish Scenario:
If the index falls below 59,631, short-term weakness may drag it toward S1 (59,266), followed by S2 (58,779) and S3 (58,350).
A weekly close below 58,350 may indicate the beginning of a deeper corrective phase.

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