Nifty Bank index opened the day with a wide gap-up but has come down giving back some of the gains. The index opened the day at a high of 58,507.70 and has declined from there. It is currently trading at 58,303, up 0.28 per cent. The advances/declines ratio is at 9:3. This is positive. If this trend sustains, then the downside could be limited for the index during the day.
Nifty Bank Outlook
Support is in the 58,200-58,180 region. The index can dip during the day to test this support zone. However, a fall below 58,180 is unlikely.
The Nifty Bank index can reverse higher from this 58,200-58,180 support zone. That leg of rise will have the potential to take it higher towards 58,500-58,600 in the coming sessions.
Nifty Bank Futures
The Nifty Bank November Futures (58,485) has come down sharply from the intraday high of 58,650. There is room on the downside to test 58,400 or even 58,300 during the day. But thereafter the Nifty Bank index November Futures contract can reverse higher towards 58,600-58,700. Such a rise will also keep the upside open to see 58,900-59,000 eventually in the coming days.
The contract has to fall below 58,300 in order to negate the above-mentioned rise. If that happens, a fall to 58,200-58,000 can be seen.
Trade Strategy
Traders can wait for dips. Go long at 58,420 and 58,340. Keep the stop-loss at 58,240. Trail the stop-loss up to 58,460 as soon as the contract goes up to 58,495. Revise the stop-loss up ti 58,510 and 58,580 when the contract touches 58,550 and 58,605 respectively. Exit the long positions at 58,630.
Supports: 58,400, 58,300
Resistance: 58,650, 58,900
Published on November 12, 2025
