Market Outlook:
The monthly candle for Bank Nifty is forming a neutral or indecisive pattern, reflecting a period of consolidation. Price is comfortably holding within the major range of 54,558 to 56,221, indicating that the market is building strength for a potential breakout.
On the weekly chart, we’ve seen four consecutive candles staying inside this range. The most recent weekly candle closed strongly bullish, suggesting a likely continuation to the upside — especially in context with global bullishness seen in Nifty, NASDAQ (NDX), and S&P 500 (SPX).
However, just like Nifty and other global indices, Bank Nifty is approaching a resistance zone, which has not been tested before. So, while momentum is bullish, we may see a pause or consolidation in the final days of the month.
Bank Nifty Technical Analysis & Trade Setup for Monday (19 May 2025)
🔹 Buy Setup:
- Buy Above: 55,490
- Stop Loss: Low of the entry candle
- Target 1: 55,705
- Target 2: 55,967
A bullish inside bar candle on the daily chart suggests a breakout is imminent. A sustained move above 55,490 could lead to fast upside action.
Sell Zones (Short-Term Levels):
- Short from Zones: 55,490, 55,705, 55,954
These levels act as resistance zones. If the price faces rejection here, short trades can be considered with a strict 1:2 risk-reward setup.
Pro Tip:
In case of a gap-up or gap-down opening, switch to the 5 EMA breakout setup to align with real-time market structure.
👉 Read the full 5 EMA strategy here
Additional Tools & Insights:
- Live Indicator Signals: Check what indicators are saying on TradingView
- Detailed Technical Chart Updates: Visit Chartexpertise.com for real-time trade setups and tested strategies.