Core Insights - Nifty Bank index opened at 55,797, showing a gap-up from the previous close of 55,493, currently hovering around 55,775, reflecting a 0.5% increase [1] - The advance/decline ratio indicates a strong bearish bias at 11/1, with Bank of Baroda being the top gainer at 2.15%, while State Bank of India is the only stock in the red, down 0.1% [1] Nifty Bank Futures - September futures for Nifty Bank index started higher at 55,900 compared to the previous close of 55,700, currently trading at 55,940, up 0.4% [3] - The 50-day moving average is at 56,000, with potential temporary declines to support levels of 55,800 and 55,650, with expectations of a rebound from these levels [3][4] - A rally past 56,000 could push the contract to 56,350 and 56,800 [3] Trade Strategy - Recommendation to buy Nifty Bank futures at 55,940 and on dips to 55,800, with targets set at 56,350 and a stop-loss at 55,600 [5] - Support levels identified at 55,800 and 55,650, while resistance levels are at 56,350 and 56,800 [5]
Nifty Bank Prediction Today – September 18, 2025: Nifty Bank futures: Bulls in control, consider buying
BusinessLine·2025-09-18 05:20