Bank Nifty prediction today

Short term - Technical Outlook
Bank Nifty is currently trading within a broken ascending pattern on the 15-minute chart, while the daily timeframe continues to reflect a bullish structure, indicating the possibility of further upside in the coming months. The index has immediate support in the 54,530–54,470 range, and a decisive break below this level could trigger fresh selling pressure. In the previous session, Bank Nifty closed at 55,828, gaining 114 points. For today, intraday momentum is likely to build above the 55,820 mark, while weakness may emerge if the index slips below 55,600. Holding above 55,750 is expected to keep the bullish sentiment intact.

On the news front, banking stocks continue to exhibit strength despite global uncertainties. The U.S. Federal Reserve kept interest rates steady at 4.50% as expected, while signaling a cautious stance on future rate cuts. This, coupled with strong domestic flows, is supporting sentiment in the financial space. Leading private banks like HDFC Bank and ICICI Bank have remained key contributors to the recent gains.

From a fund flow perspective, FIIs were net buyers, investing ?890 crore, while DIIs extended strong support with net purchases of ?1,091 crore, providing further stability to the index.
Short term Research Report Call
Buy Above: 55,930 | Targets: 56,200, 56,400, 56,650 | Stop-loss: 55,730
Sell Below: 55,600 | Targets: 55,400, 55,100, 54,800 | Stop-loss: 55,800
Short term Chart