Banknifty Intraday Analysis for 01st September 2026

NSE:BANKNIFTY A positive market opening is expected after India's Q1 2026-27 Real GDP grew at 7.8%, beating the market estimate of 7.3%. However, profit booking is expected at the higher level. The upward moment may lead the Index to 58700 – 58800 resistance range in upward momentum and if the index crosses and sustains above this level then may reach near 59400 – 59500 range. On the contrary, The downward moment may drag the Index to 57300 – 57200 support range in downward momentum and if this support is broken then the index may tank near the 56600 – 56500 range.