Nifty Bank index opened with a gap-down today and is trading lower. The index is currently at 55,491, down 0.41 per cent. The advances/declines ratio is at 7:5. But this not aiding the index to move higher.
Nifty Bank outlook
An important support is near current levels is at 55,445. If the Nifty Bank index manages to bounce back from this support, then a rise to 55,800-55,850 can be seen. That will also keep the doors open for the index to target 56,300 on the upside in the short term.
On the other hand, if the index breaks below 55,445, then a fall to 55,300 and even lower levels is possible. We will have to wait and watch the price action around 55,445 today.
Nifty Bank Futures
The Nifty Bank September Futures (55,720) is down 0.3 per cent. Support is at 55,630. The contract has to sustain above it and bounce back to keep the bullish view intact. If that happens, a rise to 56,200-56,400 can be seen next week.
But a break below 55,630 can drag the contract down to 55,500-55,450.
Trade Strategy
The contract is hovering around an important intraday support and can go either way. Considering the risk/reward ratio we suggest traders to stay out of the market now.
Supports: 55,630, 55,500
Resistances: 56,000, 56,200
Published on September 19, 2025