Nifty Bank index has risen back sharply recovering almost all the loss made on Friday. The index is currently trading at 58,125, up 0.74 per cent. The advances/declines ratio is at 11:1. This is very positive and if it sustains, more rise can be seen during the day.
Nifty Bank outlook
Intraday resistance is around 58,200. Nifty Bank index has to surpass this hurdle to rise more towards 58,350-58,400 in the coming sessions.
Failure to breach 58,200 can drag the index down to 57,900 during the day. A break below 57,900 will be bearish to see 57,500 levels on the downside again.
So, the price action around 58,200 will need a close watch today.
Nifty Bank Futures
The Nifyt Bank October Futures (58,161) is up 0.79 per cent. The contract does not have any immediate resistance unlike the underlying. Support is in the 58,050-58,000 region. As long as the contract stays above this support zone, the bias will remain bullish. The contract can rise to 58,600-58,700 this week.
The bullish view will go wrong only if the contract declines below 58,000. If that happens, we can see a fall to 57,600.
Trade Strategy
Traders can go long now at 58,161. Accumulate on dips at 58,070. Keep the stop-loss at 57,920. Trail the stop-loss up to 58,220 as soon as the contract goes up to 58,280. Revise the stop-loss up to 58,310 and 58,460 when the contract touches 58,390 and 58,510 respectively. Exit the long positions at 58,580.
This is a positional trade for a time frame of one week. The trade can be rolled over to the November contract once the October contract expires tomorrow.
Supports: 58,000, 57,600
Resistances: 58,700, 58,850
Published on October 27, 2025
