Nifty Bank index is rising back well after making a low of 58,892 in the early trades. It is currently trading at 59,180, up 0.54 per cent. The advances/declines ratio is at 12:0. This is very positive. If the trend sustains, then the Nifty Bank index can rise more during the day.
Nifty Bank index outlook
Immediate support is at 59,100. Below that, 58,800 is a strong support. Outlook is bullish. The Nifty Bank index can rise to 59,600-59,700
A decisive break below 58,800 is needed to turn the outlook bearish. If that happens, a fall to 58,500-58,400 is possible.
Nifty Bank Futures
The Nifty Bank November Futures (59,213) is up 0.58 per cent. Intraday resistance is in the 59,280-59,300 region. A strong break above it can take the contract higher to 59,500 in the coming sessions.
On the other hand, failure to breach 59,300 and a reversal during the day can take the contract down to 59,100 or even lower.
Trade Strategy
Traders have to wait for now. Take fresh longs only on a break above 59,300. Keep the stop-loss at 59,240. Trail the stop-loss up to 59,330 as soon as the contract goes up to 59,360. Revise the stop-loss up to 59,380 and 59,420 when the contract touches 59,410 and 59,445 respectively. Exit the long positions at 59,480.
Supports: 59,100, 58,800
Resistances: 59,300, 59,500
Published on November 24, 2025
