The Nifty Bank index has been volatile in early trades. The index opened with a wide gap-down at 58,119.80 and then rose sharply, recovering all the loss. It touched a high of 58,467.90 and has come down from there again. The Nifty Bank index is currently trading at 58,304, down 0.14 per cent.
Nifty Bank index outlook:
Support in the 58,150-58,100 region is holding well for now. However, there is resistance at 58,500. The index has to surpass this hurdle to become bullish for a rise to 58,900-59,000.
In case the index breaks below 58,100, it can fall to 57,950, the next important support. Failure to rise above 58,500 can keep the index under pressure to see 58,100 and 57,950 on the downside during the day.
Nifty Bank futures
The Nifty Bank November futures (58,466) is down 0.13 per cent. The contract has a strong support around 58,250, which is holding well. As long as the contract stays above this support, the bias will remain positive. So, the chances for a break above 58,700 are high, an important intraday resistance. Such a break can take the Nifty Bank November futures contract up to 58,950 and higher eventually.
A decisive break below 58,250 is needed to turn the outlook bearish. If that happens, a fall to 57,900 is possible.
Trade Strategy
We expect the support at 58,250 to hold. So, traders who can carry forward the position to next week can go long on dips at 58,430 and 58,320. Keep the stop-loss at 58,160. Trail the stop-loss up to 58,470 as soon as the contract goes up to 58,560. Revise the stop-loss higher to 58,640 and 58,780 when the contract touches 58,720 and 58,860, respectively. Exit the long positions at 58,950.
Supports: 58,250, 57,900
Resistances: 58,700, 58,950
Published on November 14, 2025
