BANKNIFTY WEEKLY OUTLOOK (11–15 MAY 2026)

BankNifty remains the weakest major index structure this week.

Why?

• TA structure still bearish

• Venus exits Taurus Thursday

• Banking momentum lacks confirmation

This creates a range-bound environment rather than a strong directional bull phase.

Key levels:

Support: 54,900 Resistance: 55,835

Important Thursday shift:

Mercury enters Taurus and partially offsets Venus weakness, but not enough to trigger a strong banking breakout.

Best approach:

• Intraday trading only

• Avoid aggressive swing longs

• Sell rallies near resistance unless breakout confirms with volume

This is not the strongest sector for fresh allocation this week.