Bank Nifty prediction today

BANK NIFTY

As on 07 May, 2025 03:49pm.

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0.00 (0.00%)

*As mandated by Exchange & other statutory authorities, the data feeds are delayed by 15 mins.

Range

Daily

52 Weeks

Daily Low

Daily High

0.00

0.00

Open

0.00

Prev.Close

0.00

Volume

0

Short term - Technical Outlook
The Bank Nifty index closed at 54,271, down by 648 points in the latest session. It faced resistance at higher levels and formed weak candles on the daily chart, signaling hesitation and possible profit booking near key resistance zones. The domestic equity market may see further volatility due to geopolitical tensions between India and Pakistan, following reports of Operation Sindoor India, which may lead to escalated regional risk sentiment. We are expecting further weakness in Bank Nifty.

Additionally, the US Fed interest rate meeting scheduled for today could add volatility to global markets, as inflation concerns continue to weigh on investor sentiment. The outcome of this meeting may impact market movement, particularly in the global banking and financial sectors.

On the positive side, sustained buying from foreign institutional investors (FIIs) could support market sentiment. FIIs bought shares worth 7062 crore, while DIIs were net sellers for 1397 crore, indicating broad-based institutional support despite recent market weakness.
Short term Research Report Call
Buy Above: 54,400 | Targets: 54,600, 54,900, 55,400 | Stop-loss: 54,200
Sell Below: 54,100 | Targets: 53,800, 53,400, 53,000 | Stop-loss: 54,300
Short term Chart

Long term - Technical Outlook
Bank Nifty faced resistance at higher levels, forming weak candles on the daily chart. In the last session, it closed at 54,271, down by 648 points. Technically, holding above 55,000 could keep the sentiment positive for the Indian market. However, on the daily timeframe, it is forming a pattern resembling a double top, which indicates bearishness. Holding below 54,500 could be unfavorable for Bank Nifty.
Long term Research Report Call
Buy Above: 55,800 | Targets: 56,300–56,800 | Stop-loss: 55,500
Sell Below: 54,300 | Targets: 53,700, 52,600 | Stop-loss: 54,700
Long term Chart

Market View

May 7th 2025

Market View

Resistance 55,000

Market View

Support 54,000

FII & DII Activities

Particular

FIIs

DIIs

Net Purchase/ Sales (Cr)

6 May 2025

+3,794.52

-1,397.68

MTD-May (Cr)

May

+7,062.12

+4,681.47

Indian equity markets opened on a volatile note today as geopolitical tensions escalated following the launch of ‘Operation Sindoor’ by India, targeting nine terror camps across Pakistan in retaliation for the April 22 Pahalgam attack that claimed 26 lives.The BSE Sensex opened above the 80,000 mark and is currently trading near 80,500, while the Nifty 50 is hovering around 24,300–24,400. The India Volatility Index (VIX) surged over 3%, indicating increased investor caution amid uncertain global cues.Apart from the geopolitical developments, early Asian markets were mostly trading in the green. However, sentiment remained mixed after U.S. markets closed lower on Tuesday. Major U.S. indices declined between 0.77% and 0.95%, following uncertain remarks from U.S. President Donald Trump regarding global trade relations.Investors are expected to track developments around Operation Sindoor closely, along with global market cues, for short-term direction.

Global Market

May 8th 2025

NASDAQ

USA

17,738.16

48.5   0.27

8th May

Dow Jones

USA

41,206.32

92.35   0.22

8th May

FTSE

UK

8,559.33

-38.09   -0.45

7th May

DAX

GERMAN

23,115.96

-133.69   -0.58

7th May

GIFT Nifty

Singapore

24,400.5

-17.5   -0.07

8th May

NIKKEI 225

Japan

36,843.56

63.9   0.17

8th May

Shanghai

China

3,341.45

-1.22   -0.04

8th May

S&P 500

USA

5,631.28

24.37   0.43

8th May

Market at Closing

March 20th 2025

Top Gainers

BHARTIARTL

1,704

66.85  4.08

TITAN

3,183.05

106.75  3.47

EICHERMOT

5,234

133.1  2.61

BAJAJ-AUTO

7,920

198.15  2.57

Top Losers

INDUSINDBK

685

-7.7  -1.11

BAJFINANCE

8,680

-51.6  -0.59

TRENT

5,215

-15.85  -0.3

SHRIRAMFIN

666.3

-1.65  -0.25

Technicals

Pivot Advanced Levels

Buy Above

54527.34

R1

54695.51

R2

54871.32

R3

55184.72

Stop Loss

54328.59

Pivot

54405.03

(All values are in INR)

Sell Below

54282.73

S1

54114.56

S2

53938.75

S3

53625.35

Stop Loss

54481.47

Pivot Basic Levels

R4R3R2R1PivotS1S2S3S4
Classic

56139.70

55654.57

55169.43

54890.17

54405.03

54125.77

53640.63

53361.37

53082.10

Woodie

56749.70

55757.50

55220.90

54993.10

54456.50

54228.70

53692.10

53464.30

52163.30

Camarilla

55031.32

54821.11

54751.04

54680.97

54405.03

54540.83

54470.76

54400.69

54190.48

Moving Averages

Bullish

Bearish

EMA

SMA

5 Day

47447.63

10 Day

45809.25

20 Day

44886.61

50 Day

43678.23

100 Day

42725.12

200 Day

41447.30

Momentum Oscillators

Stoch RSI

50.00

ROC

-1.25

Ultimate

48.54

Williams

-49.37

CCI

24.24

Stochastic

55.49

RSI

53.57

Bullish

0

Bearish

1

Neutral

6

Trend Oscillators & Volatility

ATR

405.68

Low Volatility

MACD

586.50

Bullish

Bullish

1

Bearish

0

Neutral

0

Nifty Stock List

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

1945.6

0.7196

1488744.72

Banks

3 / 9

HDFCBANK

604.5

1.0616

1488744.72

Banks

3 / 9

ICICIBANK

1435.4

0.2654

1023903.85

Banks

8 / 9

SBIN

776.1

0.2584

692684.4

Banks

5 / 9

KOTAKBANK

2094.9

1.0077

416617.962

Banks

6 / 9

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.

Frequenlty asked questions

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