Short term - Technical Outlook 

Bank Nifty is expected to open with relative strength, maintaining a neutral to mildly bullish bias. The index continues to draw support from resilience in banking heavyweights. Holding above the 59,000–59,200 zone coinciding with trendline support and recent consolidation bases is crucial to prevent any corrective pressure. On the upside, 59,800–60,000 stands as a key psychological and supply zone. Sustained acceptance above this band could trigger a continuation move toward 60,500. Momentum indicators suggest consolidation with a positive undertone, as MACD edges closer to a signal crossover and RSI remains comfortably above 55. Overall, Bank Nifty is likely to oscillate within the 59,000–60,000 range in the near term, preserving a mildly bullish outlook amid subdued volumes and potential rotational support from private sector banks.

Short term Research Report Call
Buy Above: 59800 | Targets: 59880, 60000, 60100 | Stop-loss: 59700
Sell Below: 59560 | Targets: 59450, 59360, 59200 | Stop-loss: 59700

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 59,600 could provide additional support to Bank Nifty. Technically, staying above 59,000 will help maintain a positive sentiment for the Indian market. However, a break below 59,000 could turn unfavorable for Bank Nifty and trigger weakness.

Long term Research Report Call
Buy Above: 59800 | Targets: 59880, 60000, 60100 | Stop-loss: 59700
Sell Below: 59560 | Targets: 59450, 59360, 59200 | Stop-loss: 59700
 

Long term Chart

Nifty 50

Nifty 50 opened on a steady footing and briefly tested its immediate resistance near 26,220. However, a sustained move above 26,250 is essential to confirm fresh strength. The index is currently trading near the upper end of its short-term consolidation range, keeping the 26,200–26,300 resistance zone in sharp focus. A convincing breakout above this band could revive upside momentum and open the door toward 26,350–26,400 in the near term. On the downside, 26,100–26,050 continues to act as a strong support zone, reinforced by the 20-day EMA and a sequence of higher lows. Holding above this area would preserve the constructive setup and encourage dip-buying interest.

Momentum indicators are gradually improving, with the RSI moving toward the 55–60 zone and the MACD showing early signs of bullish convergence, indicating that selling pressure is easing and momentum is rebuilding.
 

Bank Nifty

Bank Nifty is displaying clear relative strength at the open, having breached the psychological 60,000 level, signalling improved near-term momentum. This breakout keeps the 60,500–61,000 zone in focus, where a sustained move would be required to unlock further upside and potentially mark fresh all-time highs.

On the downside, 59,500–59,200 remains a critical support band, aligned with the rising trendline and prior accumulation zones. As long as this area is defended, the broader structure remains intact. Momentum indicators suggest consolidation with a positive bias, indicating that declines are likely to attract buying interest. Overall, Bank Nifty carries a neutral-to-mildly bullish undertone, with a trading range expected between 59,400 and 60,000, unless stronger banking-led flows trigger a decisive expansion in range, providing rotational support to the broader market.