Nifty Bank index is under pressure now. The index has been getting beaten down badly over the last few sessions. It is currently trading at 59,010, down 0.45 per cent. The advances/declines ratio is at 3:9. This is negative.
Nifty Bank index outlook
The Nifty Bank index has decline sharply below the key support level of 59,200. That has opened the doors for more fall. The downside is open to see 58,650-58,600 in the coming sessions.
A strong and sustained rise above 56,200 is needed to negate this fall. Only then the sentiment will turn positive, and the index can get a breather. Such a more is needed for the index to go up towards 59,400 and higher.
Nifty Bank futures
The Nifty Bank December futures (59,382) is down 0.42 per cent. The contract has an immediate support at 59,320-59,300. A break below 59,300 will be bearish. It can then drag the contract down to 58,900.
On the other hand, if the contract manages to bounce back from this 59,320-59,300 support zone, it can get some relief. In that case, a corrective bounce to 59,600 is possible during the day.
We will have to wait and watch the price action in the 59,320-59,300 support zone.
Trade strategy
Traders can stay out of the market for now. See what happens to the 59,320-59,300 support zone. Trades can then be taken accordingly.
Supports: 59,300, 58,650
Resistances: 59,600, 59,850
Published on December 3, 2025
