Short term - Technical Outlook
Bank Nifty remains in a short-term corrective phase but continues to show relative resilience compared to the broader market. Despite recent selling, the index successfully defended its lower support levels.Immediate support is seen at 59,500, a critical demand zone. On the upside, 60,000 remains the psychological barrier, with resistance placed in the 60,300–60,500 zone. Technical indicators are neutral to mildly bearish, with oscillators issuing sell signals but not entering oversold territory. As long as 59,500 holds, the broader structure remains constructive. A breakdown below this level could open further downside toward 59,000–58,700. Recent volatility appears largely driven by headline-led reactions, with geopolitical developments and tariff related concerns triggering short-term panic rather than a fundamental shift in the banking sector’s outlook.
 

Short term Research Report Call
Buy Above: 59800 | Targets: 59890, 59970, 60070 | Stop-loss: 59700
Sell Below: 59600 | Targets: 59520, 59400, 59320 | Stop-loss: 59800

Short term Chart

Long term - Technical Outlook

Bank Nifty took support from the lower levels and is now attempting to make new highs. Holding above 60,200 could provide additional support to Bank Nifty. Technically, staying above 60,000 will help maintain a positive sentiment for the Indian market. However, a break below 59,500 could turn unfavorable for Bank Nifty and trigger weakness.

Long term Research Report Call
Buy Above: 59800 | Targets: 59890, 59970, 60070 | Stop-loss: 59700
Sell Below: 59600 | Targets: 59520, 59400, 59320 | Stop-loss: 59800
 

Long term Chart

Indian equity markets are trading on a subdued to mildly cautious note in early trade, as participants balance supportive Asian cues against lingering global trade uncertainties. Asian markets are marginally positive ahead of key U.S. payroll data, helping maintain a steady risk tone rather than a full risk-off environment. However, concerns around potential U.S. trade measures against India linked to Russian oil imports continue to act as an overhang, restricting aggressive upside participation and keeping investor sentiment guarded.

Nifty 50

Nifty 50 is consolidating within its long-term rising channel after recent profit-booking. Despite near-term volatility, the index continues to hold a structurally positive setup, remaining above its 20-day EMA (26,045) and 50-day EMA (25,910). The broader pattern of higher highs and higher lows remains intact, supporting a neutral-to-bullish bias. The 25,800–25,900 zone continues to act as a reliable demand area, with dips attracting consistent buying interest. A decisive breakdown below 25,800 could open room for a deeper corrective move toward 25,500–25,600. On the upside, immediate resistance is placed at 26,100–26,200; a sustained move above this band could revive momentum toward 26,400–26,600.

Bank Nifty

Bank Nifty is showing a clear sell-on-rallies bias. The index is currently defending its rising trendline support near 59,500, but the inability to reclaim higher levels indicates persistent pressure from heavyweight banking stocks. The 59,000–59,500 zone remains a critical support band; a decisive breach could accelerate declines toward 58,700–58,500. On the upside, strong resistance is seen in the 60,000–60,500 region, where supply is likely to emerge on any recovery attempt.