Banknifty Intraday Analysis for 17th August 2026

NSE:BANKNIFTY Index is near support and bounce is expected from the support range. The upward moment may lead the Index to 58200 – 58300 resistance range in upward momentum and if the index crosses and sustains above this level then may reach near 58900 – 59000 range. On the contrary, The downward moment may drag the Index to 56800 – 56700 support range in downward momentum and if this support is broken then the index may tank near the 56100 – 56000 range.