Nifty Bank index is trading higher. The index is currently trading at 55,084, up 0.36 per cent. The advances/declines ratio is at 10:2. If the trend sustains, there are good chances for the index to rise more during the day.
Nifty Bank Index outlook
The outlook is bullish. A rise to test the intraday resistance at 55,220 is possible during the day. A decisive break above 55,220 can then boost the momentum and will clear the way for a further rise to 55,500-55,600 during the day.
Failure to breach 55,220 can trigger a dip to 55,000-54,800 again. The region between 54,800 and 54,780 is a strong support zone. The index has to decline below 54,780 in order to turn the short-term picture negative. But that looks less likely.
Nifty Bank Futures
The Nifty Bank September Futures (55,272) is up 0.3 per cent. The contract has risen sharply after taking support from around 55,000. The outlook is bullish. Intraday support is at 55,200. Below that 55,100-55,000 will be the next important support zone.
The Nifty Bank September Futures can rise to 55,700-55,800 in the coming days.
Trade Strategy
Yesterday we had recommended to go long at 55,088. Retain this long position. The revised stop-loss for this position will now be at 55,220. Move the stop-loss further up to 55,280 when the contract goes up to 55,370. Revise the stop-loss higher to 55,340 and 55,390 when the contract touches 55,410 and 55,450 respectively. Exit the longs at 55,480.
Supports: 55,200, 55,100
Resistances: 55,700, 55,800
Published on September 16, 2025