Nifty Bank index is trading marginally higher. The index is at 56,832, up 0.08 per cent. The fall below 57,000 can keep the index under pressure going forward. The advances/declines ratio is at 8:4. Though this is positive, it has not made a significant impact on the index so far. We will have to wait and watch.
Nifty Bank index outlook
Resistance is in the 57,000-57,100 region. The Nifty Bank index has to breach 57,100 in order to go up to 57,300 and higher.
As long as the index stays below 57,100, the bias will remain negative. The downside will remain open to see 56,500.
Looking at the structure on the chart, the chances are high to see a fall to 56,500.
Nifty Bank Futures
The Nifty Bank July Futures (57,103) is flat. The contract has support at 56,950 which is holding well for now. The contract made a low of 56,960 and has bounced from there. Immediate resistance is at 57,220. A break above it can take the contract up to 57,370 – the next important intraday resistance.
On the other hand, if the Nifty Bank July Futures contract breaks below 56,950, it can come under more selling pressure. Such a break can drag it down to 56,650.
Trade Strategy
Although the support is holding well, the risk/reward ratio is not favouring any trades now. So, stay out of the market.
Supports: 56,950, 56,650
Resistances: 57,220, 57,370
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Published on July 4, 2025
