*Nifty Bank Below Key EMA Support – Bulls Need Urgency or More Weakness Ahead* 18th June 2025 * Stock Exchange (NSE) * Stock Name: Nifty Bank Index * Current Market Price (CMP): ₹55,714.15 * Current Trend* : Short-term weakness after rejection from upper Bollinger Band; testing critical 20 EMA zone. *Bullish or Bearish Dominance?* : * Bearish dominance – Price slipped below 20 EMA and formed a bearish candle with weak volume support. *Chart Outlook & Prediction* * Nifty Bank saw resistance at 56,800 and is currently testing 20 EMA. A breakdown below 55,500 could trigger a fall toward 54,800–54,400 zones. On the upside, recovery above 56,200 is essential for any bullish strength. Traders should remain cautious and watch for volume confirmation before positioning aggressively. *Upcoming Events (Catalyst):* * Positive: RBI policy tone, large-cap bank guidance updates * Negative: Global rate hike fears, tracking nervousness due to Iran-Israel conflict *Support and Resistance:* * Support: 55,500 / 54,800 / 54,462 | Resistance: 56,200 / 56,800 / 57,200