Nifty Bank index seems to be struggling to get strong buyers to take it above the psychological 60,000. But at the same time, it is not getting selling pressure as well to go down sharply. The index is trading flat now at 59,707. The advances/declines ratio is at 7:5. This is positive.
Nifty Bank outlook
The bias is positive. Support is in the 59,550-59,450 region. Some resistance is around 59,900. We expect the Nifty Bank index to break this resistance and rise to 60,200-60,300 in the coming sessions.
The index has to fall below 59,450 to come under pressure. If that happens, 59,200 and lower levels can be seen.
Nifty Bank Futures
The Nifty Bank December Futures (60,050) is trading marginally higher. The contract has good support at 59,700. Resistance is around 60,250. A strong break above it is needed for the contract to go up towards 60,700.
The intraday picture will turn negative only if the contract declines below 59,700. In that case, 59,200 can be seen on the downside.
Trade Strategy
Take fresh longs only on a break above 60,250. Keep the stop-loss at 60,080. Trail the stop-loss up to 60,320 as soon as the contract goes up to 60,410. Revise the stop-loss higher to 60,430 and 60,560 when the contract touches 60,510 and 60,595 respectively. Exit the long positions at 60,640.
Supports: 59,700, 59,200
Resistances: 60,250, 60,700
Published on November 28, 2025
