Nifty Bank index is holding higher. The index is trading at 54,883, up 0.13 per cent. The advances/declines ratio is at 7:5. This is positive. If this sustains, then the index can rise more during the day.
Nifty Bank outlook
Nifty Bank index has an immediate resistance around 54,950. It has to surpass this hurdle to move up towards 55,150-55,200 during the day.
Supports are at 54,800 and 54,700. A break below 54,700 will turn the near-term picture bearish. It can then drag the contract down to 54,300 and lower.
It is a wait and watch situation now.
Nifty Bank Futures
The Nifty Bank September Futures (55,088) is up 0.14 per cent. Strong intraday supports are at 54,980 and 54,900.
The outlook is bullish to see a rise to 55,500-55,600 in the coming sessions.
The contract has to decline below 54,900 to become bearish. In that case a fall to 54,600 can be seen.
Trade Strategy
Traders can go long now at 55,088. Accumulate on dips at 55,010. Keep the stop-loss at 54,860. Trail the stop-loss up to 55,120 as soon as the contract goes up to 55,180. Move the stop-loss further up to 55,220 and 55,340 when the contract touches 55,280 and 55,410 respectively. Exit the long positions at 55,480.
Supports: 54,980, 54,900
Resistances: 55,600, 55,800
Published on September 15, 2025