Nifty Bank Futures (April) uploaded the highest session at 52,550 against the closing of yesterday of 52,384
Nifty Bank opened today’s session with a 52,691 gap against yesterday’s closure of 52,380. He is now around 52,690.
Except Icici Bank and First Bank of IDFC, 0.20 percent less and 0.10 percent so far, all other Nifty Bank components are in green.
Indusind Bank and Axis Bank, an increase of 3.6 percent and 2.1 % respectively, are the main winners so far.
Although Nifty Psu Bank has increased by 1.5 percent, Nifty Private Bank has won 0.75 percent. Then, in general, public sector banks are surpassing their private colleagues.
Nifty Bank Futures
Nifty Bank Futures (April) begged the highest session at 52,550 against the closure of yesterday or 52,384. Now it quotes around 52,650, 0.5 percent more.
While the trend has optimistic, there is a potential resistance for the contract at 52,850. This could lead to a corrective decrease if not to a bearish investment.
If Nifty Bank’s futures slide from the current level and break below the support at 52,300, it can extend the decline to 51,800. The support below this level is 51,500.
In the event that the contract leaves 52,850, it can increase to 53,500 before the end of this week. The resistance above 53,500 is 53,800.
Commercial strategy
Althegh, the broadest bias is optimistic, merchants can remain out for now, since there is an obstacle to 52,850. If Nifty Bank Futures leaves this level, one can spend a lot of time with a stop-loss to 52,500. Book earnings at 53,500.
Support: 52,300 and 51,800
Resistance: 52,850 and 53,500
Posted on April 16, 2025