Crime Today News
Nifty Bank index is trading flat after witnessing a strong rise on Thursday. The index is currently trading at 57,225, marginally up by 0.03 per cent. The advances/declines ratio is at 8:4. This is positive.
Nifty Bank outlook
Nifty Bank index has good support around 57,000 which is holding well for now. The index touched a low of 56,994 in the early trades and has risen back well from there. The outlook is bullish. A rise to 57,400-57,450 can be seen during the day.
A strong break above 57,400 will boost the bullish momentum. Such a break will clear the way for a further rise to 58,000-58,400 in the coming sessions.
Failure to breach 57,400 can drag the index down and keep it in a range of 57,000-57,450 today.
Nifty Bank futures
The Nifty Bank July futures (57,482) is about 0.38 per cent now. Support is around 57,100. Resistance is around 57,700 which can be tested during the day. A break above 57,700 can take the Nifty Bank July Futures contract up to 58,100-58,200 during the day.
But a reversal from around 57,700 can take the contract down to 57,200 again.
Trade strategy
Although there is room to rise during the day, the risk/reward ratio is not favouring any trade at the moment now. Traders will either have to wait for dips or a breach of 57,700 to take fresh long positions. So, for now stay out of the market.
Supports: 57,100, 56,800
Resistances: 57,700, 58,200
Published on June 27, 2025
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