Bank Nifty prediction today

Market View

BANK NIFTY

NSE

Loading...

0.00 (0.00%)

To access realtime data and use advance features.Open DematorLogin to Orca.

Short term - Technical Outlook
Bank Nifty faces stiff resistance near 59,900–60,000 but is finding support on dips around 59,500. It remains above key EMAs with RSI near 52, indicating healthy momentum. Support at 59,500–59,400 (20-DMA); break may drag it to 59,000–58,500. On the upside, 60,000 remains a key psychological and supply zone; a sustained breakout above this level may open the path towards 60,300–60,500. For today, sentiment in banking remains mixed ahead of the Budget. Expect a cautious, range-bound start, selling on rallies near resistance and buying dips near support could work unless there’s a strong trigger. A convincing close above 60,000 would tilt the bias firmly bullish.

 

Short term Research Report Call
Buy Above: 59740 | Targets: 59850, 59940, 60060 | Stop-loss: 59600
Sell Below: 59500 | Targets: 59400, 59300, 59200 | Stop-loss: 59600

 

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 60,000 could provide additional support to Bank Nifty. Technically, staying above 59,500 will help maintain a positive sentiment for the Indian market. However, a break below 58,000 could turn unfavorable for Bank Nifty and trigger weakness.


Long term Research Report Call
Buy Above: 60000 | Targets: 60100, 60200, 60300 | Stop-loss: 59900
Sell Below: 59900 | Targets: 59800, 59700, 59600 | Stop-loss: 60000


Long term Chart

Market View

February 1st 2026

Nifty 50

The index opened flat to marginally higher above the 25,300 mark and is consolidating within the previous session’s closing range. Immediate support is placed around 25,100, which acts as a key cushion. A sustained move above 25,400 could trigger an upside breakout, potentially opening the path towards 25,600–25,700. On the downside, a break below immediate support may drag the index towards 25,000–24,900. Momentum indicators remain largely unchanged, with RSI continuing to signal a neutral setup. The bias stays cautious to neutral ahead of the 11 AM Budget announcement, likely turning directional post clarity.



Bank Nifty

Bank Nifty opened around the 59,600 mark, slightly higher than Friday’s close, and is showing resilience near its key EMAs despite facing supply near the 59,900–60,000 zone. The index continues to hold above its short-term averages, with RSI in the 50–55 range, indicating healthy momentum and relative outperformance versus the broader market.  Immediate support is seen at 59,500–59,300, which aligns with the 20-day EMA. On the upside, the 60,000 level remains a key psychological and supply zone; a sustained breakout above this area could fast-track the move towards 60,300–60,500. For now, the overall bias stays neutral to range-bound.

Resistance 60,000

Market View

Support 59,500

FII & DII Activities

Particular

FIIs

DIIs

Net Purchase/ Sales (Cr)

30 Jan 2026

+2,251.37

-601.03

MTD-May (Cr)

February

+1,857.4

+2,037.73

Global Market

January 30th 2026

NASDAQ

USA

23,685.12

-172.33   -0.72

30th January

Dow Jones

USA

49,071.56

55.96   0.11

30th January

FTSE

UK

10,185.09

13.33   0.13

30th January

DAX

GERMAN

24,448.8

139.34   0.57

30th January

GIFT Nifty

Singapore

25,446.5

42.5   0.17

30th January

NIKKEI 225

Japan

53,322.85

-52.75   -0.1

30th January

Shanghai

China

4,117.95

-40.04   -0.96

30th January

S&P 500

USA

6,969.01

-9.02   -0.13

30th January

Market at Closing

December 18th 2025

Top Gainers

HINDALCO

846.6

9.45  1.13

EICHERMOT

7,153

91.5  1.3

SHRIRAMFIN

860.6

12.2  1.44

SBIN

974.75

13.6  1.41

Top Losers

MAXHEALTH

1,037.8

-35.2  -3.28

SBILIFE

1,999.2

-36.8  -1.81

HDFCLIFE

753.8

-10.55  -1.38

APOLLOHOSP

6,950.5

-101  -1.43

Technicals

Buy Above

59737.87

R1

59826.99

R2

59920.16

R3

60086.25

Stop Loss

59632.54

Pivot

59673.05

(All values are in INR)

Sell Below

59608.23

S1

59519.11

S2

59425.94

S3

59259.85

Stop Loss

59713.56

Pivot Basic Levels

R4R3R2R1PivotS1S2S3S4
Classic

60420.65

60249.40

60078.15

59844.30

59673.05

59439.20

59267.95

59034.10

58800.25

Woodie

60872.70

60218.10

60062.50

59813.00

59657.40

59407.90

59252.30

59002.80

58442.10

Camarilla

59833.26

59721.85

59684.72

59647.58

59673.05

59573.32

59536.18

59499.05

59387.64

Moving Averages

Bullish

Bearish

5 Day

48716.40

10 Day

46501.31

20 Day

45249.11

50 Day

43827.50

100 Day

42800.49

200 Day

41485.17

Momentum Oscillators

Bullish

1

Bearish

1

Neutral

5

Stoch RSI

0.00

ROC

-1.95

Ultimate

49.96

Williams

-74.14

CCI

-153.75

Stochastic

61.06

RSI

37.89

Trend Oscillators & Volatility

Bullish

1

Bearish

0

Neutral

0

ATR

412.41

Low Volatility

MACD

829.27

Bullish

Nifty Stock List

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

HDFCBANK

922.1

-0.7694

1430091.67

Banks

3 / 9

HDFCBANK

604.5

1.0616

1430091.67

Banks

3 / 9

SBIN

1018.2

-5.4728

994645.2

Banks

5 / 9

ICICIBANK

1334.2

-1.5351

969299.1

Banks

8 / 9

AXISBANK

1340.4

-2.1891

425525.536

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.

How to trade on Banknifty?

How are stocks selected in Banknifty?

When do banknifty Future and options expire?

Search icon

Turn market moves into money moves

orca apple store
+91

Already a User? Login to Orca

Download Orca
orca play storeorca apple store

Upcoming Webinars

No webinars available

Enrich money logo