Short term - Technical Outlook
Bank Nifty continues to trade comfortably above the psychological 61,000 mark and remains positioned above its 20-, 50-, 100-, and 200-day EMAs, indicating sustained institutional participation across private and PSU banking stocks. Immediate support is placed in the 60,900–60,600 zone, aligning with a rising trendline and prior breakout area. On the upside, resistance is seen at 61,400–61,500. The broader structure remains constructive, though momentum is measured rather than aggressive. RSI near 59 reflects steady underlying strength, and MACD remains in positive territory. As long as 60,600 holds, the broader bias stays constructive, with banking likely to provide relative stability to the broader market during consolidation phases.

Short term Research Report Call
Buy Above: 61300 | Targets: 61400, 61500, 61600 | Stop-loss: 61200
Sell Below: 61000 | Targets: 60900, 60800, 60700 | Stop-loss: 61100
 

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 61,300 could provide additional support to Bank Nifty. Technically, staying above 61,000 will help maintain a positive sentiment for the Indian market. However, a break below 59,700 could turn unfavorable for Bank Nifty and trigger weakness.

Long term Research Report Call
Buy Above: 61300 | Targets: 61400, 61500, 61600 | Stop-loss: 61200
Sell Below: 61000 | Targets: 60900, 60800, 60700 | Stop-loss: 61100
 
Long term Chart

The Indian equity market commenced today’s session on a relatively subdued note, reflecting a cautious undertone amid overnight weakness on Wall Street and mixed cues from Asian peers. Persistent uncertainty surrounding global tariff negotiations and cross-border trade policies, coupled with rising speculation over the next US course of action regarding Iran, continues to temper aggressive risk-taking and keep investor sentiment guarded. 

Nifty 50

Nifty 50 opened lower and is currently hovering near the critical 25,400 support zone, which has repeatedly acted as a structural demand base. As long as this level is defended on a closing basis, the broader consolidation framework remains intact. A decisive break below 25,400 could expose the index to 25,300–25,250, aligning closely with the 200-day EMA and acting as the next technical cushion. On the upside, 25,600 continues to serve as the immediate supply zone; a sustained move above this barrier may trigger short covering and extend momentum toward 25,800–26,000. 

Momentum indicators reflect gradual softening. RSI is positioned in the low-40s, suggesting weakening momentum but not yet an oversold condition, while MACD remains in negative territory. The near-term bias tilts mildly on the downside, though controlled volatility could encourage selective dip-based positioning near structural supports.

Bank Nifty

Bank Nifty opened around 61,086 and continues to consolidate within its recent trading corridor. Immediate support is placed at 60,900–60,600, a crucial demand cluster required to maintain structural stability. On the upside, 61,400–61,500 remains the immediate resistance band. A decisive close above this zone could re-establish upward momentum toward higher swing levels. 

RSI is hovering near 55 but gradually easing, indicating fading momentum strength. MACD remains in positive territory but is approaching a potential crossover zone, which would warrant caution if support levels are breached. The short-term tone has moderated, and the index may continue to oscillate within a defined band unless a breakout or breakdown confirms directional bias.