Short term - Technical Outlook
Bank Nifty has shifted to a neutral-to-bullish structure after breaking its losing streak and reclaiming the 50-day EMA with a close near 59,200. The resistance band at 59,600–59,700 remains the key hurdle; a sustained breakout above this zone would confirm bullish continuation and open the path toward 60,000. Immediate support is placed at 59,000–58,800, with meaningful downside risk emerging only on a decisive breakdown below 59,000.
 

Short term Research Report Call
Buy Above: 59400 | Targets: 59500, 59600, 59700 | Stop-loss: 59300
Sell Below: 59200 | Targets: 59100, 59000, 58900 | Stop-loss: 59300
 

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 59,500 could provide additional support to Bank Nifty. Technically, staying above 59,800 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: 59000 | Targets: 59100, 59200, 59300 | Stop-loss: 58900
Sell Below: 58800 | Targets: 58700, 58600, 58500 | Stop-loss: 58900

Long term Chart

Indian markets opened flat to mildly positive today, with the recovery from the past two sessions continuing at a measured and subdued pace, reflecting cautious optimism. Overall sentiment remains selective and range-bound, while mid- and small-cap stocks continue to show relative strength. Asian markets are mostly higher and U.S. futures are marginally positive, offering supportive global cues. Meanwhile, easing pressure on the rupee has helped temper immediate imported inflation concerns, although the currency remains sensitive to FII flow dynamics.

Nifty 50

Nifty 50 opened flat around 25,350 and is currently consolidating near the previous close, indicating a pause after the recent rebound. Strong support lies at 25,160–25,000, which remains a crucial base; a decisive break below 25,160 could drag the index toward 25,000–24,900. Immediate resistance is placed at 25,450–25,500, while a sustained breakout above 25,600 may open the door for an advance toward 25,800–25,900. The intraday outlook stays cautious to mildly positive, with downside risk limited unless 25,100 is breached convincingly. A positive MACD crossover and continued trade above the 200-DMA support the case for short-term rally continuation.

Bank Nifty

Bank Nifty has opened on a steady note, broadly mirroring Nifty, and sustaining above 59,000 remains crucial to maintain near-term momentum. This level also coincides with the 50-day EMA, reinforcing it as a key psychological and technical support. Strong support is placed at 58,800–58,500, which forms the critical base; a break below 58,800 could expose the index to 58,500–58,300. On the upside, immediate resistance is seen at 59,600–59,700. The outlook remains mildly bullish, with clear breakout potential if Bank Nifty decisively clears 59,700, opening room for a move toward 60,000. Holding above 59,000 continues to favor upside momentum.