Top 5 Key Levels to Watch for Nifty 50 and Bank Nifty Ahead of RBI Policy Day

Nifty remains range-bound above key supports as traders await RBI policy cues, while Bank Nifty eyes 59,500 with potential to test higher levels if momentum builds.

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9 days ago

Top 5 Key Levels to Watch for Nifty 50 and Bank Nifty Ahead of RBI Policy Day

Top 5 Key Levels to Watch for Nifty 50 and Bank Nifty Ahead of RBI Policy Day
Nifty 50 staged a recovery after five consecutive losing sessions, closing at 26,034 as traders assessed key support and resistance levels ahead of the RBI policy outcome. Analysts noted that sustaining above 26,000 keeps the index positioned for a move toward the 26,100–26,200 zone, while a fall below 25,900 may trigger downside toward 25,800. Bank Nifty held firm above 59,000 and may attempt 59,500 on policy day, with a breakout potentially opening targets of 60,000–60,100