Nifty Bank index has begun the week on a positive note with a strong rise in the initial trades. The index is currently trading at 54,585, up 0.35 per cent. The index has found very good support around 54,300 and has risen back well. The advances/declines ratio is at 9:3. If the trend sustains, then the index can rise more during the day.
Nifty Bank outlook
The Nifty Bank index has an immediate resistance around 55,660. A break above it can take the index up to 54,850-54,900 during the day.
Support is at 54,490. Failure to breach 54,660 and a subsequent fall below 54,490 will bring the index under pressure again. In that case, the Nifty Bank index can fall back to 54,300 and even lower.
Nifty Bank Futures
The Nifty Bank September Futures (54,785) is up 0.5 per cent. Resistance is at 54,850 which can be tested during the day now. A decisive break above 54,850 will boost the bullish momentum. Such a break can take the Nifty Bank September Futures contract up to 55,000.
But if the contract fails to breach 54,850 and turns down, then it can come under pressure again. In such a scenario, the Nifty Bank September Futures contract can fall back to 54,600.
As such, the price action around 54,850 will need a close watch during the day.
Trade Strategy
Since there is an important resistance coming up, traders can stay out of the market for now. See what happens to that resistance and trades can be taken accordingly.
Supports: 54,600, 54,200
Resistances: 54,850, 55,000
Published on September 29, 2025