Nifty Bank Index – Intraday Analysis (7th Oct 2025)

BANKNIFTY
Nifty Bank is consolidating at 56,073.05, just under the key zero line (56,105), after a strong rally and some resistance near short-term highs. Price action is at a pivotal decision zone for either renewed upside or profit-taking.

Bullish Setup
Long Entry (55,997):

Fresh long trades are viable above 55,997, where repeated buying supported the upmove in the last session.

Additional exposure can be considered if dips hold at 55,946 (add-long band), confirming buyer defense and base-building.

Upside Targets:

56,375 (Target 1): First visible supply zone for partial profit booking.

56,542 (Target 2): Extended target if breakout momentum continues.

Stop Loss:

Use below 55,894 (short entry) or progressively trail stops as price advances.

Bearish Setup
Short Entry (55,894):

Shorts are actionable below 55,894, signaling breakdown of support and control flipping to sellers.

Downside Targets:

55,835 (Target 1): First demand zone and bounce area.

55,668 (Target 2): Deeper support mapped for aggressive downside.

Stop Loss:

Cover shorts if price retakes 55,997.

Range/Neutral Logic
Zero Line (56,105):

This remains the intraday pivot; sustained action above this can target further highs, while repeated rejection or rejection in the short exit area (56,040) may signal short-term exhaustion or a likely pullback.