Market Overview - The Nifty Bank index opened at 59,225, showing a gap-up from Friday's close of 59,069, and is currently hovering around 59,300, reflecting a 0.4% increase [1] - The advance/decline ratio is 10/2, indicating a strong positive bias in the market [1] - Nifty Private Bank and Nifty PSU Bank indices have both increased by 0.35% [2] Nifty Bank Futures - December expiry Nifty Bank futures opened higher at 59,425 compared to last week's close of 59,231 and is currently trading at 59,460, up 0.4% [3] - The contract bounced off the 50-day moving average at 59,000 last week, establishing a strong base between 59,000 and 59,150 [3] - The probability of a rally from the current level is high, given the broader uptrend remains intact [3] Price Targets and Support/Resistance Levels - The nearest hurdle for Nifty Bank futures is at 59,750, with expectations to surpass this level and rise to 60,200 and 60,500 in the near term [4] - A breakout above 60,500 could push the contract further to 61,000, while a decline below 59,000 is unlikely, but if it occurs, it could extend to 58,250 [4] Trade Strategy - A recommendation was made to buy Nifty Bank futures (December) at 59,150, with a target of 60,500 and a stop-loss at 58,900 [5] - Supports are identified at 59,150 and 59,000, while resistances are at 60,200 and 60,500 [5]
Nifty Bank Prediction Today – December 22, 2025: Nifty Bank futures: Rebounds from a support
BusinessLine·2025-12-22 05:10