The Nifty Bank index has increased well above 52,000 psychological brands. It is currently quoted at 52,200, 2.35 percent more. The relationship of advances/decreases is 11: 1. Federal Bank, marginally decreased by 0.02 percent is the only negotiation of actions in the index.
Nifty Bank Index Outlok
The strong increase above 51,800 is positive for the index. The perspective is bullish. The level of 51,800 will act as good support and limit the disadvantage. The index can increase to 52,700 in the next sessions.
The upward perspective will refuse only if the index decreases below 51,800. Only then will the contract be under pressure for a 51,000 drop. But that seems unlikely.
Nifty Bank Futures
The Nifty Bank April Futures (52,274) has increased 2.18 percent. The perspective is bullish. The supports are 52,000 and 51,800-51,750. Nifty Bank April Futures Contract can increase to 52,800 in the next sessions.
The contract has to fall below 51,750 to deny the upward vision mentioned above. If that happens, the contract can reach 51,400 or only 51,000 again.
Commercial strategy
Merchants can spend a lot of time at 52,210 and 51,900. Keep the Stop-Loss 51,700. Follow the stop-loss up to 52,250 as soon as the contract rises to 52,400. Move the stop-loss to 52,600 when the contract touches 52,700. Leave the long positions to 52,800.
Support: 52,000, 51,800
Resistances: 52,800, 53,000
Posted on April 15, 2025