Bank Nifty prediction today

Nifty 50 opened on a steady note and is attempting to build on early positivity supported by firm global cues. The index continues to trade above short-term moving averages, keeping the broader structure constructive. However, supply pressure remains active near 26,010–26,100, which forms the first major intraday resistance zone. A sustained move above this pocket can drive Nifty toward 26,200–26,300, while dips toward 25,920–25,900 are likely to attract fresh buying. A breakdown below 25,880 would shift intraday momentum into a neutral zone.

Nifty 50 Index Option data also supports a mildly bullish opening. Nifty’s cumulative Call OI stands near 22.30 cr, with Put OI close to 20.40 cr, reflecting balanced positioning with a slight tilt toward bullish sentiment. Strike-wise OI indicates heavy activity around the 26,000 and 26,100 levels, marking them as key intraday decision zones. A clean breakout above these strikes can trigger directional momentum.

Bank Nifty continues to anchor the broader market’s direction after breaking out above key resistance levels and registering fresh all-time highs. The index touched 58,699 in early trade, and another breakout above this zone can extend the rally toward 59,000–59,500. The index remains comfortably above its 20-DMA and 50-DMA, reinforcing the bullish trend. While short-term momentum has cooled slightly, 58,450–58,250 will act as strong intraday support, and the overall bias stays positive as long as Bank Nifty holds above 58,000.