The Nifty Bank index has risen well after opening with a gap-down today. The index is marginally up by 0.05 per cent and is currently trading at 54,565. The advances/ declines ratio is at 7:5. If the trend sustains, the bias could be positive for the day.
Nifty Bank index outlook
Strong support in the 54,400-54,350 region is holding well. That keeps the bias bullish for a rise to 54,950-55,000.
The index has to break below 54,350 to negate this bullish view. Only then will a fall to 54,100-54,000 come into the picture.
Nifty Bank Futures
The Nifty Bank September futures (54,807) is also marginally up by 0.03 per cent. Good support is around 54,600. Resistance is around 54,880. A strong break above it can take the Nifty 50 September futures contract up to 55,000-55,100 in the coming sessions.
The intraday outlook will turn negative for a fall to 54,400 only if the contract declines below 54,600.
Trade Strategy
Go long on a break above 54,880. Trail the stop-loss up to 54,910 when the contract touches 54,925. Move the stop-loss further up to 54,940 when the contract touches 54,960. Keep the stop-loss at 54,840. Exit the long positions at 54,980.
Supports: 54,600, 54,400
Resistances: 54,880, 55,000
Published on September 11, 2025
