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.
BANK NIFTY
NSE
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Short term - Technical Outlook
Bank Nifty continues to trade with a cautious undertone, as the index continues to face resistance at higher levels despite buying interest emerging near key support zones. From a technical perspective, the 58,000–58,200 region remains the immediate resistance. A sustained breakout above this band would improve sentiment and could pave the way for a recovery towards the 58,400–58,600 zone.
On the downside, the 57,600–57,500 region continues to serve as the immediate support zone. However, a decisive break below 57,500 could revive selling pressure and drag the index towards the 57,300–57,200 support region. Overall, the near-term technical outlook remains cautiously positive. However, Bank Nifty will need to reclaim and sustain above the 58,000–58,200 resistance zone to reinforce bullish momentum and confirm the continuation of its recovery.
Short term Research Report Call
Buy Above: 57800 | Targets: 57900, 58000, 58100 | Stop-loss: 57700
Sell Below: 57600 | Targets: 57500, 57400, 57300 | Stop-loss: 57700
Short term Chart
Long term - Technical Outlook
Bank Nifty continues to trade with a cautious undertone. A sustained move above 58,000 will be crucial to maintain the ongoing recovery. Technically, a sustained move above the 58,300 mark could strengthen bullish momentum and extend the rally towards the 58,600–58,700 region. However, a break below 57,500 may trigger profit booking and lead to weakness towards the 57,200–57,000 support zone.
Long term Research Report Call
Buy Above: 57800 | Targets: 57900, 58000, 58100 | Stop-loss: 57700
Sell Below: 57600 | Targets: 57500, 57400, 57300 | Stop-loss: 57700
Long term Chart
July 15th 2026
Indian markets opened on a steady note, witnessing broad-based buying interest in early trade, led by banking and financial stocks. Investor sentiment improved after softer-than-expected U.S. consumer inflation data strengthened expectations that the Federal Reserve may adopt a less aggressive monetary policy stance, providing support to global equities.
However, the broader geopolitical backdrop remains uncertain. U.S. President Donald Trump has threatened fresh strikes on Iranian power infrastructure as the United States continued its naval blockade and launched additional military operations, keeping concerns over the Middle East conflict elevated and limiting overall risk appetite.
Crude oil prices remain elevated, currently trading around $80 per barrel range, as persistent concerns over supply disruptions continue to support energy prices and keep inflation risks in focus.
Meanwhile, the Indian rupee remains under pressure, holding above the 96 mark and trading near 96.1 against the U.S. dollar. Elevated crude oil prices, heightened geopolitical uncertainty, and sustained demand for the greenback continue to weigh on the domestic currency.
Technical view
Nifty 50
Nifty 50 opened on a steady note near the 24,086 mark and witnessed early buying interest, breaking above the 24,200 resistance level during the opening session. However, sustaining above this level remains the crucial factor to reinforce bullish momentum and pave the way for a further recovery towards the 24,300–24,400 region.
On the downside, the 24,000 psychological mark remains the crucial support. Holding above this level will be essential to preserve the broader recovery structure, while a decisive break below 24,000 could trigger renewed selling pressure and drag the index towards the 23,900–23,800 support zone. Overall, the near-term technical outlook has turned cautiously positive, with a sustained breakout above 24,200 required to confirm stronger bullish momentum.
Bank Nifty
Bank Nifty opened with a mild gap-up near the 57,645 mark, outperforming the broader market during early trade. The index also reclaimed the 58,000 psychological level, indicating improving sentiment. However, sustaining above this level remains crucial to reinforce bullish momentum and support a further recovery towards the 58,400–58,600 resistance zone.
On the downside, the 57,800 level is expected to act as the immediate support. A decisive break below this mark could drag the index towards the 57,600–57,500 support zone. Overall, the near-term technical outlook has turned cautiously positive, with the index needing to hold above the 58,000 mark to confirm the continuation of its recovery.
Market support level is 57,800. Market resistance level is 58,400.
Resistance 58,400
Support 57,800
FII & DII Activities
Particular
FIIs
DIIs
Net Purchase/ Sales (Cr)
14 Jul 2026
-739.69
+2,927.71
MTD-May (Cr)
July
+770.93
+16,364.78
Global Market
July 16th 2026
NASDAQ
USA
26,269.23
16th July
Dow Jones
USA
52,658.64
16th July
FTSE
UK
10,515.92
16th July
DAX
GERMAN
24,999.53
16th July
GIFT Nifty
Singapore
24,165.5
16th July
NIKKEI 225
Japan
66,787.39
16th July
Shanghai
China
3,916.66
16th July
S&P 500
USA
7,572.4
16th July
July 16th 2026
Top Gainers
BECTORFOOD
193.95
LAGNAM
91
BNALTD
539.55
PIONRINV
93.69
Top Losers
JIOFIN
236.3
IDFCFIRSTB
79.39
PNB
105.69
BAJAJFINSV
1,847.8
Technicals
Check live levels for all scripts
Buy Above
57913.86
R1
58046.65
R2
58185.48
R3
58432.96
Stop Loss
57756.92
Pivot
57817.28
(All values are in INR)
Sell Below
57720.71
S1
57587.92
S2
57449.09
S3
57201.61
Stop Loss
57877.64
Classic
Woodie
Camarilla
| Method | R4 | R3 | R2 | R1 | Pivot | S1 | S2 | S3 | S4 |
|---|---|---|---|---|---|---|---|---|---|
| Classic | 58965.05 | 58692.97 | 58420.88 | 58089.37 | 57817.28 | 57485.77 | 57213.68 | 56882.17 | 56550.65 |
| Woodie | 59613.23 | 58663.25 | 58406.03 | 58059.65 | 57802.43 | 57456.05 | 57198.82 | 56852.45 | 55991.62 |
| Camarilla | 58089.83 | 57923.84 | 57868.51 | 57813.18 | 57817.28 | 57702.52 | 57647.19 | 57591.86 | 57425.87 |
Bullish
Bearish
5 Day
48439.68
10 Day
46350.37
20 Day
45170.05
50 Day
43794.94
100 Day
42784.05
200 Day
41476.91
Moving averages sentiment chart. Bullish 12. Bearish 0.
Momentum Oscillators
Bullish
0
Bearish
1
Neutral
6
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
Bullish
1
Bearish
0
Neutral
0
ATR
405.50
Low Volatility
MACD
551.07
Bullish
Nifty Stock List
Check all stocks
| Stock Name | CMP | Change (%) | Market Cap (Cr.) | Sector | Piotroski Score |
HDFCBANK | 811.1 | -0.5334 | 1255747.25 | Banks | 3 / 9 |
HDFCBANK | 604.5 | 1.0616 | 1255747.25 | Banks | 3 / 9 |
ICICIBANK | 1409.1 | -0.5013 | 1015774.76 | Banks | 8 / 9 |
SBIN | 1028.4 | -0.165 | 950799.7 | Banks | 5 / 9 |
AXISBANK | 1302 | -0.7849 | 408376.6 | Banks | 6 / 9 |
Market Commentary
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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.
Banknifty is an index comprising 12 public and private banks with the highest market cap and most liquid from the Banking sector.