Bank Nifty prediction today

BANK NIFTY

NSE

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Short term - Technical Outlook
Bank Nifty is expected to trade with a cautious undertone, with the index likely to remain under pressure unless it reclaims key resistance levels. A sustained move above the 57,000 zone will be essential to improve near-term sentiment and support a recovery towards the 57,300–57,400 region.
 
On the downside, the 56,700–56,600 zone remains the immediate support. Holding above this region will be crucial to prevent further weakness, while a decisive break below 56,600 could accelerate selling pressure and drag the index towards the 56,400–56,300 support zone. Overall, the near-term technical outlook remains cautious.

Short term Research Report Call
Buy Above: 57200 | Targets: 57300, 57400, 57500 | Stop-loss: 57100
Sell Below: 57000 | Targets: 56900, 56800, 56700 | Stop-loss: 57100

Short term Chart

Bank Nifty market sentiment gauge showing bullish and bearish signals.

Long term - Technical Outlook

Bank Nifty continues to trade with a cautious undertone. A sustained move above 57,000 will be crucial to maintain the ongoing recovery. Technically, a sustained move above the 57,400 mark could strengthen bullish momentum and extend the rally towards the 57,800–58,000 region. However, a break below 56,700 may trigger profit booking and lead to weakness towards the 56,800–56,600 support zone.

 

Long term Research Report Call
Buy Above: 57200 | Targets: 57300, 57400, 57500 | Stop-loss: 57100
Sell Below: 57000 | Targets: 56900, 56800, 56700 | Stop-loss: 57100

Long term Chart

Bank Nifty market sentiment gauge showing bullish and bearish signals.

Market View

July 29th 2026

Technical view

Nifty 50

Nifty 50 opened with a strong gap-up near the 24,177 mark, decisively reclaiming both the 20-day and 100-day Exponential Moving Averages (EMAs), indicating an improvement in near-term market sentiment. From a technical perspective, the 24,200 level now acts as the immediate resistance. A sustained breakout above this zone could reinforce bullish momentum and pave the way for an advance towards higher resistance levels.
 
On the downside, the 24,050–24,000 psychological zone, which previously acted as a resistance area, has now turned into a crucial support region. Holding above this band will be important to maintain the positive market structure. Momentum indicators have strengthened, with the Relative Strength Index (RSI) moving above the 50 mark and hovering in the mid-50s, while registering a bullish crossover on the daily timeframe. Overall, the near-term technical outlook has turned positive, with sustained strength above the immediate support zone likely to support further upside momentum.

Bank Nifty

Bank Nifty opened with a gap-up near the 57,127 mark but is witnessing selling pressure at higher levels, indicating that bulls are struggling to sustain the initial gains. From a technical perspective, the 57,300–57,400 zone now act as an immediate resistance. A sustained move above this band could strengthen bullish momentum and pave the way for an advance towards the 57,800–58,000 region.
 
On the downside, the 56,800–56,700 zone continues to act as the immediate support and remains crucial to hold. A decisive break below this region could trigger renewed selling pressure and drag the index towards the 56,500–56,400 support zone. Momentum indicators remain weak, with the Relative Strength Index (RSI) continuing to trade below the neutral 50 mark, indicating that underlying momentum remains bearish despite the positive opening. Overall, the near-term technical outlook remains cautious.

Market support level is 56,800. Market resistance level is 57,300.

Resistance 57,300

Market view chart showing support 56,800 and resistance 57,300

Support 56,800

FII & DII Activities

Particular

FIIs

DIIs

Net Purchase/ Sales (Cr)

28 Jul 2026

+755.33

+1,664.16

MTD-May (Cr)

July

-12,661.85

+33,704.89

Global Market

July 29th 2026

NASDAQ

USA

24,876.91

29th July

Dow Jones

USA

52,747.32

29th July

FTSE

UK

10,898.25

29th July

DAX

GERMAN

25,469.41

29th July

GIFT Nifty

Singapore

24,313.5

29th July

NIKKEI 225

Japan

61,434.19

29th July

Shanghai

China

3,828.47

29th July

S&P 500

USA

7,428.78

29th July

Market at Closing

July 29th 2026

Top Gainers

SIGMA

45.06

AVONMORE

10.98

ALMONDZ

15.07

SMLMAH

4,566

Top Losers

GAIL

175

BAJAJFINSV

1,927

NTPC

343.5

COALINDIA

410

Technicals

Buy Above

57213.99

R1

57296.84

R2

57383.46

R3

57537.87

Stop Loss

57116.07

Pivot

57153.73

(All values are in INR)

Sell Below

57093.48

S1

57010.63

S2

56924.01

S3

56769.60

Stop Loss

57191.39

Pivot Basic Levels

Classic

R4
57959.10
R3
57744.72
R2
57530.33
R1
57368.12
Pivot
57153.73
S1
56991.52
S2
56777.13
S3
56614.92
S4
56452.70

Woodie

R4
58296.58
R3
57770.80
R2
57543.37
R1
57394.20
Pivot
57166.77
S1
57017.60
S2
56790.17
S3
56641.00
S4
56036.97

Camarilla

R4
57413.03
R3
57309.47
R2
57274.94
R1
57240.42
Pivot
57153.73
S1
57171.38
S2
57136.86
S3
57102.33
S4
56998.77

Moving Averages

Bullish

Bearish

5 Day

48312.63

10 Day

46281.07

20 Day

45133.75

50 Day

43780.00

100 Day

42776.50

200 Day

41473.12

Momentum Oscillators

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

ATR

405.50

Low Volatility

MACD

551.07

Bullish

Nifty Stock List

Stock NameCMPChange (%)Market Cap (Cr.)SectorPiotroski Score

HDFCBANK

748.2

1.7405

1132971.27

Banks

3 / 9

HDFCBANK

604.5

1.0616

1132971.27

Banks

3 / 9

ICICIBANK

1437.9

0.4962

1024590.24

Banks

8 / 9

SBIN

1013.7

0.0493

934876.9

Banks

5 / 9

KOTAKBANK

390.2

1.2717

383371.68

Banks

6 / 9

Market Commentary

    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.

    Frequently asked questions

    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.

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