Crime Today News
Nifty Bank index opened the day with a wide gap-up and then has been staying stable after that. The index has been hovering around 57,000. It is currently trading at 56,960, up 0.68 per cent. The advances/declines ratio is at 11:1. This is very positive.
Nifty Bank outlook
Outlook is bullish. Supports at 56,800, 56,650 and then at 56,400. Nifty Bank index can rise to 58,000 in the coming days.
The index has to fall below 56,400 to turn the near-term outlook negative. Only then a fall to 56,000-55,900 will come into the picture.
Nifty Bank Futures
The Nifty Bank June Futures (57,120) is up 0.78 per cent. The outlook is bullish. Support is in the 56,900-56,750 region. The Nifty Bank June Futures contract can rise to 58,000 and higher in the coming days.
The near-term outlook will turn negative only if the contract declines below 56,650. If that happens, we can see a fall to 56,300 and 56,100. But such a fall looks less likely.
Trade Strategy
Positional trades can be considered at the moment. Traders can go long now at 57,120. Accumulate at 57,020. Keep the stop-loss at 56,750. Trail the stop-loss up to 57,160 as soon as the contract goes upto 57,220. Move the stop-loss further up to 57,350 and 57,500 when the contract touches 57,450 and 57,600. Exit the longs at 57,800
Supports: 56,900, 56,750.
Resistances: 58,000, 58,200
Published on June 9, 2025
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