Nifty Bank index is trading lower. The index oscillated around 58,000 all through the day on Monday and has come down today. It is currently trading at 57,784, down 0.27 per cent. The advances/declines ratio is at 2:10. This is negative.
Nifty Bank outlook
The price action on the intraday chart clearly indicates the absence of strong follow-through buyers above 58,000. Intraday resistance will be in the 57,850-57,900 region. Failure to rise back above 57,900 can drag the index down to 57,600-57,500 during the day.
The index has to rise above 57,900 to ease the downside pressure and go back up to 58,000
Nifty Bank Futures
The Nifty Bank November Futures (58,004) is down 0.42 per cent. The intraday outlook is negative. The contract can fall to 57,800 or even 57,700 in the coming sessions.
Resistances are at 58,100 and 58,200. A decisive break above 58,200 is needed to turn the outlook positive. But that looks less likely.
Trade Strategy
Traders can go short now at 58,004. Add more shorts on a rise at 58,130. Keep the stop-loss at 58,230. Trail the stop-loss down to 57,970 as soon as the contract goes down to 57,920. Revise the stop-loss down to 57,930 and 57,860 when the contract touches 57,880 and 57,810 respectively. Exit the shorts at 57,740.
Supports: 57,800, 57,700
Resistances: 58,100, 58,200
Published on November 11, 2025
