Bank Nifty prediction today

BANK NIFTY

NSE

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Short term - Technical Outlook

Bank Nifty continues to exhibit relative strength compared to the broader market and remains comfortably positioned above its key 20, 50, 100, and 200-day Exponential Moving Averages (EMAs), reflecting a strong underlying trend and sustained buying interest in the banking space. From a technical perspective, a sustained move above  58,500 level would reinforce bullish momentum and could extend the ongoing rally towards the 59,000–59,200 region, which is expected to act as the next major resistance area.
 
On the downside, the 57,600–57,500 zone, which previously acted as a resistance area, is now expected to serve as immediate support. Holding above this region will be crucial to maintaining the prevailing positive structure. However, a decisive break below this support band could trigger profit booking and drag the index towards the 57,000 support area. Momentum indicators continue to remain supportive, with the Relative Strength Index (RSI) hovering in the mid-60s, indicating healthy bullish momentum and strong market participation without entering extreme overbought territory. Overall, the near-term technical outlook remains positive. As long as Bank Nifty sustains above the 58,000 mark and its key support levels, the broader uptrend is likely to remain intact.

 

Short term Research Report Call

Buy Above: 58200 | Targets: 58300, 58400, 58500 | Stop-loss: 58100
Sell Below: 58000 | Targets: 57900, 57800, 57700 | Stop-loss: 58100

 

Bank Nifty market sentiment gauge showing bullish and bearish signals.

 

Long term - Technical Outlook

Bank Nifty continues to trade with a cautiously positive undertone and remains well supported above key levels. Holding above 58,000 will be crucial to maintain the ongoing recovery trend and positive sentiment. Technically, a sustained move above the 58,500 mark could strengthen bullish momentum and extend the rally towards the 59,000–59,200 region. However, a break below 58,000 may trigger profit booking and lead to weakness towards the 57,600–57,500 support zone.

 

Long term Research Report Call
Buy Above: 58200 | Targets: 58300, 58400, 58500 | Stop-loss: 58100
Sell Below: 58000 | Targets: 57900, 57800, 57700 | Stop-loss: 58100

 

Bank Nifty market sentiment gauge showing bullish and bearish signals.

Market View

June 25th 2026

Indian equity markets opened on a positive note, supported by a sharp decline in crude oil prices and continued optimism surrounding the global artificial intelligence (AI) theme. Investor sentiment received an additional boost after strong earnings and upbeat guidance from Micron Technology reinforced confidence in AI and semiconductor-related spending, helping extend the rally in global technology stocks and supporting broader risk appetite.

Crude oil prices have retreated to levels last seen before the Iran conflict, recently touching a low near $69 per barrel and currently trading in the $69–70 range. The sustained decline in energy prices continues to provide a favourable backdrop for the Indian economy and financial markets. Meanwhile, the Indian rupee has strengthened amid improving global sentiment and lower crude oil prices. After appreciating towards the 94.2 level against the U.S. dollar, the currency is currently trading near 94.3, reflecting improved stability in the foreign exchange market.

On the sectoral front, automobile stocks emerged as the key outperformers in early trade, gaining more than 2%. The sector is benefiting from expectations of lower input costs, improving demand prospects and the positive impact of softer commodity prices, which are expected to support margins and earnings outlooks.

 

Technical view

Nifty 50

Nifty 50 opened with a gap-up near the 24,136 mark, extending the recovery witnessed in the previous session and reflecting improved market sentiment. From a technical perspective, the 24,200 region continues to act as the immediate resistance zone and remains a crucial level to watch. A sustained breakout above this level would reinforce bullish momentum and could pave the way for a move towards the 24,400 mark, followed by the 24,600 region, which remains the next significant upside target.
 
On the downside, the 24,000 psychological mark continues to serve as an important immediate support level. Any sustained weakness below this level could invite profit booking and limit the near-term upside potential. Momentum indicators continue to strengthen, with the Relative Strength Index (RSI) approaching the 60 mark, indicating improving bullish momentum and strengthening market breadth. Overall, the near-term technical outlook remains constructively bullish. However, a decisive breakout above the 24,200 resistance zone will be essential to confirm stronger upside momentum and support the next leg of the ongoing recovery.

 

Bank Nifty

Bank Nifty opened with a gap-up near the 58,500 mark, a crucial resistance zone that remains key to the index's near-term direction. From a technical perspective, the 58,500 level continues to act as an important immediate resistance. A sustained move above this zone would reinforce bullish momentum and could extend the ongoing rally towards the 59,000–59,200 region, which is expected to act as the next major resistance area.
 
On the downside, the 58,000 mark is likely to serve as the immediate support zone. Holding above this band will be crucial to maintaining the prevailing positive structure and supporting further upside. Below this, the 57,600–57,500 zone, which previously acted as a resistance area, is now expected to provide strong support in the event of any corrective move. Overall, the near-term technical outlook remains positive. As long as Bank Nifty sustains above the 58,000 mark and its key support levels.

Market support level is 58,000. Market resistance level is 58,500.

Resistance 58,500

Market view chart showing support 58,000 and resistance 58,500

Support 58,000

FII & DII Activities

Particular

FIIs

DIIs

Net Purchase/ Sales (Cr)

24 Jun 2026

-1,843.4

+3,637.26

MTD-May (Cr)

June

-45,505.54

+70,408.6

Global Market

June 25th 2026

NASDAQ

USA

25,476.64

25th June

Dow Jones

USA

51,848.9

25th June

FTSE

UK

10,503.27

25th June

DAX

GERMAN

24,925.39

25th June

GIFT Nifty

Singapore

24,075

25th June

NIKKEI 225

Japan

72,366.34

25th June

Shanghai

China

4,110.81

25th June

S&P 500

USA

7,358.22

25th June

Market at Closing

June 25th 2026

Top Gainers

GOLDTECH

51.88

GNRL

101.85

BTTL

51

SOMICONVEY

114

Top Losers

AXISBANK

1,377.2

BRITANNIA

5,235

UNIONBANK

174.56

BANKBARODA

279.5

Technicals

Buy Above

58426.38

R1

58557.54

R2

58694.67

R3

58939.11

Stop Loss

58271.36

Pivot

58330.98

(All values are in INR)

Sell Below

58235.59

S1

58104.43

S2

57967.30

S3

57722.86

Stop Loss

58390.60

Pivot Basic Levels

Classic

R4
59369.45
R3
59148.32
R2
58927.18
R1
58552.12
Pivot
58330.98
S1
57955.92
S2
57734.78
S3
57359.72
S4
56984.65

Woodie

R4
60081.10
R3
59071.35
R2
58888.70
R1
58475.15
Pivot
58292.50
S1
57878.95
S2
57696.30
S3
57282.75
S4
56503.90

Camarilla

R4
58504.96
R3
58341.01
R2
58286.35
R1
58231.70
Pivot
58330.98
S1
58122.40
S2
58067.75
S3
58013.10
S4
57849.14

Moving Averages

Bullish

Bearish

5 Day

48636.35

10 Day

46457.65

20 Day

45226.24

50 Day

43818.08

100 Day

42795.73

200 Day

41482.78

Momentum Oscillators

Bullish

0

Bearish

1

Neutral

6

Stoch RSI

50.00

ROC

-3.55

Ultimate

54.76

Williams

-64.18

CCI

-47.37

Stochastic

30.04

RSI

53.57

Trend Oscillators & Volatility

Bullish

1

Bearish

0

Neutral

0

ATR

405.50

Low Volatility

MACD

551.07

Bullish

Nifty Stock List

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

HDFCBANK

796.3

0.3908

1226022.64

Banks

3 / 9

HDFCBANK

604.5

1.0616

1226022.64

Banks

3 / 9

ICICIBANK

1387.5

1.0119

995626.2

Banks

8 / 9

SBIN

1045.4

1.0439

964737.9

Banks

5 / 9

AXISBANK

1377.2

-0.5273

428196.4

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.

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