From a price structure perspective, immediate support for Nifty Bank is placed near 53,300, followed by a stronger support zone in the 52,800–52,500 range, where previous swing lows are visible. On the upside, resistance is seen near 54,000, while a stronger hurdle is placed around 54,850–55,150, aligning with the 21- and 50-DMA levels. The index is currently trading below all major short- and medium-term moving averages, reflecting a structurally weak trend.
