Short term - Technical Outlook

Bank Nifty continues to hold its broader bullish structure, though repeated supply is visible near the 60,700–60,800 zone. Immediate support is placed around 60,300, while the critical demand band lies between 59,800 and 60,200, an important psychological and consolidation base. The index trades comfortably above all key EMAs, but the flattening of short-term averages suggests momentum is stabilising rather than accelerating. A sustained breakout above 60,700 could pave the way toward 61,000 and beyond, contingent on fresh buying interest and supportive cues from banking stocks. The near-term bias remains neutral to mildly positive as long as Bank Nifty holds above the 60,000–60,100 zone.

Short term Research Report Call
Buy Above: 60800 | Targets: 60900, 61000, 61100 | Stop-loss: 60700
Sell Below: 60500 | Targets: 60400, 60300, 60200 | Stop-loss: 60600

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 60,800 could provide additional support to Bank Nifty. Technically, staying above 60,000 will help maintain a positive sentiment for the Indian market. However, a break below 59,500 could turn unfavorable for Bank Nifty and trigger weakness.

Long term Research Report Call
Buy Above: 60800 | Targets: 60900, 61000, 61100 | Stop-loss: 60700
Sell Below: 60500 | Targets: 60400, 60300, 60200 | Stop-loss: 60600

Long term Chart

Indian equity markets opened on a mildly positive note and are trading with a cautiously optimistic bias. Global cues remain mixed but stable, with Asian markets largely flat to mildly higher and no immediate negative triggers emerging. Overall, the setup suggests a range-bound to mildly positive tone, with sentiment continuing to hinge on FII flows, global risk appetite and any fresh developments on trade or geopolitical fronts.

Nifty 50

Nifty 50 opened with a mild exhaustion gap-up above the 25,900 mark, breaking past a repeatedly tested resistance zone; however, sustainability above this level remains key. Immediate support is placed near 25,800, which marks the earlier consolidation area, while the major demand zone lies at 25,500–25,600, supported by the confluence of the 20 and 100 EMA, heavy put writing, and the prior swing low. On the upside, 26,000 continues to act as a major hurdle due to its psychological significance and strong call OI concentration. RSI near 57 is gradually firming up, and MACD continues to improve, indicating strengthening momentum. As long as Nifty holds above 25,700, the structure remains constructive, with the overall bias staying flat to mildly positive.

Bank Nifty

Bank Nifty opened with a strong gap-up in the 60,700–60,800 range, continuing to outperform the broader market. The index is trading well above all key moving averages, reflecting a strong bullish structure. Immediate support is seen at 60,500, while failure to sustain at higher levels could lead to range-bound movement or mild profit booking. The key demand zone remains near the 60,000 psychological level. On the upside, the 60,800–61,000 zone acts as a strong resistance band, and a decisive breakout above this range could open the door for further upside toward 61,500. Momentum indicators remain favourable, with RSI around 61, indicating healthy bullish momentum without entering overbought territory. Price action continues to show buyers stepping in on declines.