Bank Nifty prediction today

Short term - Technical Outlook
Bank Nifty continues to demonstrate strong relative strength, outperforming the broader market. The index is approaching an important resistance zone at 61,800–62,000. A sustained breakout above this range could reinforce the bullish momentum and potentially take the index towards fresh record highs.
 
On the downside, 61,200–61,000 is the immediate support zone, followed by 60,600–60,400. Sustained buying interest above the immediate support range will be important to maintain the positive structure, while a decisive break below it could invite profit-booking. Overall, the near-term outlook remains positive, with banking stocks continuing to provide relative strength.

Short term Research Report Call
Buy Above: 61600 | Targets: 61700, 61800, 61900 | Stop-loss: 61500
Sell Below: 61500 | Targets: 61400, 61300, 61200 | Stop-loss: 61600

Short term Chart


Disclaimer: Investment in securities/commodities market subject to market risk, read all the related documents carefully before investing/trading.

Analyst Certification: I/We, Ajith Kamti 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-202500242249.

Long term - Technical Outlook
Bank Nifty continues to trade with a positive bias following its recent recovery. Holding above the 60,000 level remains crucial to sustaining the ongoing upward momentum, while a break below 59,600 could trigger renewed selling pressure. On the upside, 61,200–61,400 remains the immediate resistance zone, and a sustained breakout above this range could extend the recovery towards 62,000. Overall, the near-term outlook remains positive.

Long term Research Report Call
Buy Above: 61600 | Targets: 61700, 61800, 61900 | Stop-loss: 61500
Sell Below: 61500 | Targets: 61400, 61300, 61200 | Stop-loss: 61600

Long term Chart


Disclaimer: Investment in securities/commodities market subject to market risk, read all the related documents carefully before investing/trading.

Analyst Certification: I/We, Ajith Kamti 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-202500242249.

Indian equity markets opened on a weak note, with a gap-down start reflecting concerns over the latest CPI inflation reading breaching the RBI’s tolerance threshold, alongside a sharp rise in US Treasury yields. Selling pressure was evident across auto, banking, financial and realty stocks, while pharma emerged as a relative outperformer, displaying some resilience amid broader market weakness.  
  
WTI crude oil prices remained elevated in the $88–89 per barrel range, while the rupee came under renewed pressure, weakening towards the 94.10 mark against the US dollar amid higher oil prices and rising global bond yields. The combination of persistent inflationary concerns, elevated crude prices and firming US Treasury yields is likely to weigh on investor sentiment, keeping markets cautious as participants assess the implications for domestic inflation and monitor further movements in global bond yields.

Technical View

Nifty 50

Nifty 50 opened with a gap-down near the 25,210 mark and immediately slipped below the crucial 25,200 level, indicating early selling pressure. A further intensification of selling and a sustained breakdown below this 25,000 zone could expose the next key support around 24,800, potentially extending the ongoing corrective pressure.
 
On the upside, the 25,300 zone is expected to act as immediate resistance, aligning with the opening gap area and the previous closing zone, followed by the crucial resistance at 25,500. Reclaiming these levels will be important for the index to regain upward momentum. Meanwhile, momentum indicators have moderated slightly, with the RSI slipping towards the mid-70s, although it continues to reflect relatively strong underlying momentum.

Bank Nifty

Bank Nifty opened with a gap-down near the 61,300 mark, indicating some early weakness after the recent upward rally. On the downside, the 60,600–60,400 range is expected to act as the immediate support zone, followed by the next crucial support at 60,000–59,800. A sustained breakdown below these levels could intensify selling pressure.
 
On the upside, the 61,500–61,600 zone remains a crucial resistance band that the index needs to decisively reclaim and sustain above to regain bullish momentum and potentially scale fresh record highs. Meanwhile, momentum indicators have moderated, with the RSI slipping towards the mid-70s, although the broader momentum remains relatively strong.