Bank Nifty Reclaims 60,000 Ahead of Q3 Results; Key Resistance Levels to Watch

• Bank Nifty index surged 1% to 60,160.85, crossing the 60,000 mark for the first time in five sessions.
• The rally occurred a day before Q3 results from major banks like HDFC Bank and ICICI Bank.
• Federal Bank shares led gains, jumping 6% to Rs 261.35, with AU Small Finance Bank, Yes Bank, PNB, and Canara Bank also seeing significant rises.
• Union Bank of India and Axis Bank shares declined, bucking the positive trend.
• Analysts identify 59,900-60,000 as crucial resistance, with 59,300-59,400 as key support; a sustained move above 60,000 could signal bullish sentiment.

Why It Matters: Bank Nifty reclaimed 60,000, driven by positive sentiment ahead of major bank Q3 results, with key resistance levels in focus.