What is Banknifty?
Banknifty is an index comprising 12 public and private banks with the highest market cap and most liquid from the Banking sector.
BANK NIFTY
NSE
Loading...
0.00 (0.00%)
To access realtime data and use advance features.
To access realtime data and use advance features.Open DematorLogin to Orca.
Short term - Technical Outlook
Bank Nifty continues to trade with a cautious undertone, as the index continues to face resistance at higher levels despite buying interest emerging near key support zones. From a technical perspective, the 58,000–58,200 region remains the immediate resistance. A sustained breakout above this band would improve sentiment and could pave the way for a recovery towards the 58,400–58,600 zone.
On the downside, the 57,600–57,500 region continues to serve as the immediate support zone. However, a decisive break below 57,500 could revive selling pressure and drag the index towards the 57,300–57,200 support region. Overall, the near-term technical outlook remains cautiously positive. However, Bank Nifty will need to reclaim and sustain above the 58,000–58,200 resistance zone to reinforce bullish momentum and confirm the continuation of its recovery.
Short term Research Report Call
Buy Above: 57800 | Targets: 57900, 58000, 58100 | Stop-loss: 57700
Sell Below: 57600 | Targets: 57500, 57400, 57300 | Stop-loss: 57700
Short term Chart
Long term - Technical Outlook
Bank Nifty continues to trade with a cautious undertone. A sustained move above 58,000 will be crucial to maintain the ongoing recovery. Technically, a sustained move above the 58,300 mark could strengthen bullish momentum and extend the rally towards the 58,600–58,700 region. However, a break below 57,500 may trigger profit booking and lead to weakness towards the 57,200–57,000 support zone.
Long term Research Report Call
Buy Above: 57800 | Targets: 57900, 58000, 58100 | Stop-loss: 57700
Sell Below: 57600 | Targets: 57500, 57400, 57300 | Stop-loss: 57700
Long term Chart
July 16th 2026
Indian markets opened on a mildly positive note with a cautious undertone, although early selling pressure suggests that investors remain reluctant to build aggressive positions amid persistent global uncertainties.
Crude oil prices remain elevated, currently trading in the $79–81 per barrel range, as ongoing geopolitical tensions in the Middle East continue to fuel concerns over potential supply disruptions and keep inflation risks elevated. Adding to the pressure, Asian gas prices have climbed to their highest level since March, reflecting growing concerns over regional energy supplies amid the escalating Middle East tensions.
Meanwhile, the Indian rupee is expected to remain under pressure, with the currency trading near the ?96.3 mark against the U.S. dollar. Elevated crude oil prices, rising energy costs, sustained demand for the greenback, and a negative near-term bias continue to weigh on the domestic currency.
Technical view
Nifty 50
Nifty 50 opened on a mildly positive note near the 24,144 mark, indicating stable sentiment despite mixed global cues. The index continues to trade above the 24,000 psychological mark, keeping the broader recovery structure intact. From a technical perspective, the 24,200 level remains the immediate resistance. A sustained move above this level would strengthen bullish momentum and could pave the way for an advance towards the 24,300–24,400 region.
On the downside, the 24,000 psychological mark continues to act as the immediate and crucial support. While a decisive break below 24,000 could trigger renewed selling pressure and drag the index towards the 23,900–23,800 support zone. The Relative Strength Index (RSI) remains in the mid-50s, indicating neutral momentum with no clear directional bias. Overall, the near-term technical outlook remains cautiously positive, with a sustained breakout above the 24,200 resistance zone required to confirm stronger upside momentum.
Bank Nifty
Bank Nifty opened near the 57,931 mark, broadly in line with the broader market. However, early weakness in banking stocks suggests that market participants remain cautious at higher levels. From a technical perspective, the 58,000–58,200 zone continues to act as the immediate resistance. A sustained move above this band would improve sentiment and could pave the way for a recovery towards the 58,400–58,600 region.
On the downside, the 57,600–57,500 zone remains the immediate support. While a decisive break below 57,500 could trigger fresh selling pressure and drag the index towards the 57,300–57,200 support zone. Overall, the near-term technical outlook remains cautious. However, Bank Nifty will need to reclaim and sustain above the 58,000–58,200 resistance zone to reinforce bullish momentum and confirm a stronger recovery.
Market support level is 57,500. Market resistance level is 58,000.
Resistance 58,000
Support 57,500
FII & DII Activities
Particular
FIIs
DIIs
Net Purchase/ Sales (Cr)
15 Jul 2026
-735.83
+704.93
MTD-May (Cr)
July
+35.1
+17,069.71
Global Market
July 16th 2026
NASDAQ
USA
26,269.23
16th July
Dow Jones
USA
52,658.64
16th July
FTSE
UK
10,482.82
16th July
DAX
GERMAN
24,834.25
16th July
GIFT Nifty
Singapore
24,066
16th July
NIKKEI 225
Japan
66,835.54
16th July
Shanghai
China
3,882.41
16th July
S&P 500
USA
7,572.4
16th July
July 16th 2026
Top Gainers
GRINDWELL
2,411
BNALTD
539.55
AARNAV
31.35
PIONRINV
93.69
Top Losers
TRENT
2,860.9
JSWSTEEL
1,223.7
MAXHEALTH
1,100
JIOFIN
235.98
Technicals
Check live levels for all scripts
Buy Above
57726.35
R1
57838.80
R2
57956.37
R3
58165.94
Stop Loss
57593.45
Pivot
57644.57
(All values are in INR)
Sell Below
57562.78
S1
57450.33
S2
57332.77
S3
57123.19
Stop Loss
57695.68
Classic
Woodie
Camarilla
| Method | R4 | R3 | R2 | R1 | Pivot | S1 | S2 | S3 | S4 |
|---|---|---|---|---|---|---|---|---|---|
| Classic | 58604.55 | 58380.13 | 58155.72 | 57868.98 | 57644.57 | 57357.83 | 57133.42 | 56846.68 | 56559.95 |
| Woodie | 59162.44 | 58348.98 | 58140.14 | 57837.83 | 57628.99 | 57326.68 | 57117.84 | 56815.53 | 56095.54 |
| Camarilla | 57863.38 | 57722.82 | 57675.96 | 57629.11 | 57644.57 | 57535.39 | 57488.54 | 57441.68 | 57301.12 |
Bullish
Bearish
5 Day
48438.08
10 Day
46349.50
20 Day
45169.60
50 Day
43794.75
100 Day
42783.96
200 Day
41476.86
Moving averages sentiment chart. Bullish 12. Bearish 0.
Momentum Oscillators
Bullish
0
Bearish
1
Neutral
6
Bullish
0
Bearish
1
Neutral
6
Stoch RSI
50.00
ROC
-3.55
Ultimate
54.76
Williams
-64.18
CCI
-47.37
Stochastic
30.04
RSI
53.57
Trend Oscillators & Volatility
Bullish
1
Bearish
0
Neutral
0
Bullish
1
Bearish
0
Neutral
0
ATR
405.50
Low Volatility
MACD
551.07
Bullish
Nifty Stock List
Check all stocks
| Stock Name | CMP | Change (%) | Market Cap (Cr.) | Sector | Piotroski Score |
HDFCBANK | 808.3 | -0.8768 | 1244889.35 | Banks | 3 / 9 |
HDFCBANK | 604.5 | 1.0616 | 1244889.35 | Banks | 3 / 9 |
ICICIBANK | 1418.2 | 0.1412 | 1017474.08 | Banks | 8 / 9 |
SBIN | 1031.2 | 0.1068 | 951999.7 | Banks | 5 / 9 |
AXISBANK | 1307.6 | -0.3581 | 405887.831 | Banks | 6 / 9 |
Market Commentary
View All
Disclaimer: Investment in securities/commodities market subject to market risk, read all the related documents carefully before investing/trading.
Analyst Certification: I/We, Ayushi Jain Research Analyst, authors, and the name subscribed to this report, hereby certify that all the views expressed in this research report accurately reflect our views about the subject issuer(s) or securities. We also certify that no part of our compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or view(s) in this report. NISM Research Analyst registration number – NISM-201900015194.
Banknifty is an index comprising 12 public and private banks with the highest market cap and most liquid from the Banking sector.