Nifty Bank Index has again fallen below the most important 56,000 marking. The index is traded against 55,861 by 0.7 percent. The ratio for progress/decreases is at 4: 8. This is now negative.
Nifty Bank Index Outlook
Nifty Bank Index has an intraday support at 55,800 that seems to be good for the time being. The index made an intraday depth of 55,779 and then returned well from there. If the index manages to stay above 55,800, there are good chances to see an intraday rise to 56,000-56,100. A decisive increase above 56,100 will then release the road for an increase to 56,500 and higher levels during the week.
The index is only put under pressure for more fall if it gets a continuing break under 55,800. If that happens, we can see a fall to 55,650 during the day.
Nifty Bank Futures
The Nifty Bank June Futures (55,974) decreases by around 0.6 percent. Immediate support is on 55,790, which holds well for the time being. If the contract breaks under this support, a decrease of 55,650-55,630 can be seen during the day.
On the other hand, if the contract manages to stay above 55,790, it can bounce back to 56,200 on a break above 56,000.
In general, the Intraday image is unclear. The contract can go both sides here.
Trade strategy
Since the Intraday -front views are unclear, stay out of the market
Support: 55.790, 55,650
Resists: 56,000, 56,200
Published on June 23, 2025
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