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 is currently trading in the 56,300–56,400 zone, broadly aligned with its 50-day EMA. From a technical perspective, the 56,900–57,100 range remains a key resistance zone, where persistent supply pressure continues to cap upside momentum. A sustained breakout above this band will be required to trigger further gains towards the 57,500–58,000 levels.
 
On the downside, the 56,200–55,800 zone serves as an important support area, and a breach below this range could lead to an extension of the decline towards the 55,500 level. Overall, the outlook remains cautious with a slight negative bias, unless a decisive breakout above resistance levels is observed.

 

Short term Research Report Call
Buy Above: 56500 | Targets: 56600, 56700, 56800 | Stop-loss: 56400
Sell Below: 56200 | Targets: 56100, 56000, 55900 | Stop-loss: 56300
 

Short term Chart

Long term - Technical Outlook

Bank Nifty is currently trading near the 56,300–56,400 zone, showing a pullback after a sharp corrective decline from higher levels. The index had earlier broken down from an ascending channel, followed by a strong downtrend within a falling channel, indicating a shift in structure from bullish to corrective. The index remains in a recovery phase within a broader corrective structure, with a cautious bias. A sustained breakout above 57,500 is essential to confirm bullish continuation, while rejection at resistance could keep the index range-bound to mildly negative in the near term.


Long term Research Report Call
Buy Above: 56500 | Targets: 56600, 56700, 56800 | Stop-loss: 56400
Sell Below: 56200 | Targets: 56100, 56000, 55900 | Stop-loss: 56300

 
Long term Chart

Market View

April 23rd 2026

Indian equity markets have opened on a negative note, extending recent weakness, as rising geopolitical tensions continue to weigh on investor sentiment. The gap-down start reflects persistent risk aversion, with selling pressure visible across broader markets in early trade.
 
The sharp rise in crude oil prices above $103 per barrel remains the key concern, intensifying fears around inflation, India’s import bill, and overall macroeconomic balance, thereby triggering broad-based selling. Global sentiment continues to stay subdued with Asian markets trading lower, offering limited support to domestic equities. The Indian rupee is also facing renewed pressure, reflecting the impact of higher crude prices and persistent foreign outflows, which is adding to overall market volatility. The near-term sentiment remains cautious to negative and highly news-driven, with volatility expected to stay elevated and downside risks prevailing unless geopolitical tensions ease.

 

Nifty 50

Nifty 50 opened with a gap-down around the 24,211 mark, indicating mild weakness at the start of the session. The 24,100–24,000 zone remains a key psychological and demand area, and a breach below this support could lead to further short-term weakness, particularly amid volatile global cues. To regain its prior momentum, the index needs to reclaim higher levels, with 24,400 now acting as an immediate resistance zone. A sustained move above this level will be crucial to restore upward momentum. Momentum indicators remain neutral, with the RSI hovering near the 55 level.  The opening outlook remains cautious to mildly weak, with a range-bound to downside bias unless a decisive breakout above key resistance levels is seen.


  
Bank Nifty

Bank Nifty opened with a gap-down around the 56,632 mark and witnessed initial buying interest near the 56,400–56,500 zone, indicating support at lower levels despite mild profit booking. From a technical standpoint, reclaiming the 57,000 level remains crucial to sustain the ongoing recovery phase. On the downside, the 56,200–56,000 zone serves as an important support, and a breakdown below this range could extend the decline towards the 55,500 level. Early market outlook remains cautious and slightly negative, unless a clear breakout above key resistance levels is seen.

Resistance 57,000

Market View

Support 56,400

FII & DII Activities

Particular

FIIs

DIIs

Net Purchase/ Sales (Cr)

22 Apr 2026

-2,078.36

-1,048.17

MTD-May (Cr)

April

-44,281.38

+33,836.61

Global Market

April 24th 2026

NASDAQ

USA

24,438.5

-219.06   -0.89

24th April

Dow Jones

USA

49,310.32

-179.71   -0.36

24th April

FTSE

UK

10,377.46

-79.55   -0.76

24th April

DAX

GERMAN

148.68

7.98   5.67

24th April

GIFT Nifty

Singapore

23,932.5

-192   0.8

24th April

NIKKEI 225

Japan

59,716.18

575.95   0.97

24th April

Shanghai

China

4,079.9

-13.35   -0.33

24th April

S&P 500

USA

7,108.4

-29.5   -0.41

24th April

Market at Closing

April 24th 2026

Top Gainers

SHEKHAWATI

17.26

2.17  14.38

KHAITANLTD

140.74

20.09  16.65

MASKINVEST

190

28.63  17.74

EMAMIREAL

90.92

15.15  19.99

Top Losers

YESBANK

19.89

-0.14  -0.7

BANKBARODA

274.31

-2.03  -0.73

HDFCBANK

784.25

-0.1  -0.01

AXISBANK

1,365.6

-4  -0.29

Technicals

Buy Above

56567.86

R1

56711.21

R2

56861.06

R3

57128.20

Stop Loss

56398.46

Pivot

56463.62

(All values are in INR)

Sell Below

56359.37

S1

56216.03

S2

56066.17

S3

55799.04

Stop Loss

56528.77

Pivot Basic Levels

R4R3R2R1PivotS1S2S3S4
Classic

57608.10

57361.63

57115.17

56710.08

56463.62

56058.53

55812.07

55406.98

55001.90

Woodie

58378.61

57282.32

57075.51

56630.78

56423.96

55979.23

55772.41

55327.68

54469.31

Camarilla

56663.35

56484.18

56424.45

56364.73

56463.62

56245.27

56185.55

56125.82

55946.65

Moving Averages

Bullish

Bearish

5 Day

47899.57

10 Day

46055.76

20 Day

45015.73

50 Day

43731.40

100 Day

42751.96

200 Day

41460.79

Momentum Oscillators

Bullish

2

Bearish

0

Neutral

5

Stoch RSI

18.03

ROC

6.17

Ultimate

52.18

Williams

-23.48

CCI

52.10

Stochastic

85.58

RSI

47.94

Trend Oscillators & Volatility

Bullish

1

Bearish

0

Neutral

0

ATR

405.40

Low Volatility

MACD

672.97

Bullish

Nifty Stock List

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

HDFCBANK

783.5

-0.1084

1207749.73

Banks

3 / 9

HDFCBANK

604.5

1.0616

1207749.73

Banks

3 / 9

SBIN

1099.55

0.4844

1009921.82

Banks

5 / 9

ICICIBANK

1328.4

-1.454

965715.1

Banks

8 / 9

AXISBANK

1361

-0.6279

425733.652

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