Nifty Bank Index has fallen under the most important support level of 57,000, which limited the disadvantage almost the entire week. The index has now been traded at 56,745, a decrease of 0.38 percent. The ratio for progress/decreases is 3: 9. This is negative and indicates that there is more on the cards during the day.
Nifty Bank Index Outlook
The prospects are bearish. Nifty Bank Index can initially fall to 56,600. A break under 56,600 can drag on to 56,600 and even 56,500 in the upcoming sessions.
Immediate resistance is at 56,850. Moreover, 57,000-57,100 is the next important support zone. A strong increase above 57,100 is needed to make the sentiment positive. But that looks unlikely at the moment.
Nifty Bank Futures
The Nifty Bank July Futures (56,925) has fallen by 0.43 percent. Resistance is at 57,000-57,050. The prospects are bearish. The Nifty Bank July Futures can fall to 56,700-56,650.
A strong and persistent increase above 57,050 is needed to make the Outlook positive. But that looks less likely, because fresh sellers probably come on the market and fix the benefit.
Trade strategy
Traders can now fall short at 56,925. Add more shorts to an increase of 56,985. Keep the stop-loss at 57,085. Trail the stop loss up to 56,880 when the contract drops to 56,840. Move the stop loss to 56,820 when the contract touches 56,780. Leave the shorts at 56,720.
Support: 56.700, 56,650
Resists: 57,050, 57.150
More so
Published on July 11, 2025
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