Bank Nifty | Pre Market Weekly View | 09 Dec - 13 Dec 2024

Bank Nifty closed the previous week with a strong Bullish candle which has closed comfortably above the 50% zone of the previous fall.

For the next week, I have a strong feeling that BN could be range bound to mildly Bullish.
The overall trend is certainly Bullish. However, since there has been a strong rally last week, there could be some profit booking.

Again, a buy on dip strategy can be applied here.
Upside resistance zone is 54,200.

So, if there's a big gap up, look for short side reversal.
If there's a gap down, look for price action and buy.