Bank Nify levels for 12/05/2025🧭 Overall Market Structure:
The chart shows strong upward movement earlier, followed by a sharp reversal and ongoing consolidation near support.
The price is currently around 53,674, testing a demand/support zone.
📉 Trend Overview (from the panel):
Timeframe -Trend
D (Daily) - Bullish
4H - Bullish
1H - Bearish
15M - Bearish
5M Bearish
This suggests short-term bearishness, but higher timeframes remain bullish, indicating a pullback within an uptrend.
🔻 Resistance Levels (Marked in Red):
56,098.70 - 55,557.75
55,691.95
54,937.25 - 54,723.70
54,176.45
53,919.90
These levels indicate stacked supply zones, showing strong overhead resistance. Price was rejected near these zones repeatedly, confirming bearish pressure.
🔼 Support Levels (Marked in Blue/Purple):
53,400 area (current price testing support zone)
Lower HTF supports at:
51,893.60
50,742.00
These are key demand levels from higher timeframes. If price loses the 53,400 zone, it may drop towards 51,893 and even 50,742.
📍 Price Action & Candlestick Structure:
A series of lower highs and lower lows forming recently.
Candles near current levels are tight-bodied, indicating indecision.
A bullish bounce from current support is possible, but a breakdown would confirm continuation to the downside.
🧠 Summary:
Trend: Bullish on higher timeframes, Bearish on lower.
Action Zone: Price at major support (53,400)—crucial decision area.
Bias:
Bullish bounce possible toward 54,100–54,700 if support holds.
Bearish continuation likely below 53,400, targets 51,900 and 50,700.
