Nifty Bank index is trading strong. The index has risen about 0.4 per cent and is now trading at 59,765. The advances/declines ratio is at 4:8. This will need a close watch. It indicates that the rise may not sustain if the trend remains in favour of the declines.
Nifty Bank Index outlook
Strong support is in the 59,550-59,450 region. As long as the index trades above this support, the outlook will remain bullish. The Nifty Bank index can rise to 60,000-60,050 in the coming sessions.
The index has to fall below 59,450 in order to come under pressure for a fall. If that happens, 59,200 can be seen on the downside.
Nifty Bank Futures
The Nifty Bank December Futures (60,036). Resistance is around 60,180. Failure to break this resistance immediately can drag the contract down to 59,800 or 59,700.
However, from a big picture, the bias is bullish and a fall beyond 59,700 is unlikely. As such we can expect the contract to breach 60,180 if not immediately, but eventually. Such a break can take the Nifty Bank December Futures contract up to 60,600-60,650 in the coming days.
Trade Strategy
A positional trade with a time frame of one week can be considered at the moment. Go long on dips at 59,900 and 59,820. Keep the stop-loss at 59,620. Trail the stop-loss up to 59,940 as soon as the contract goes up to 60,080. Revise the stop-loss up to 60,020, 60,180 and 60,340 when the contract touches 60,110, 60,280 and 60,460 respectively. Exit the long positions at 60,550.
Supports: 59,800, 59,700
Resistances: 60,180, 60,550
Published on November 27, 2025
