Nifty Bank opened today’s session a little higher at 53,154 in front of yesterday’s closure of 53,118. Now it is around 53,450, 0.7 percent more.
The anticipation/decrease ratio is 6/6. Icici Bank (UP 1.8 percent) is the best Bank of Gaineas Whare than IDFC (0.5 percent less) is the main loser.
Nifty Private Bank has advanced around 0.4 percent, while Nifty Psu Bank has increased 0.25 percent. So, in general terms, private sector banks are fine so far.
Nifty Bank Futures
Nifty Bank Futures (April) begged today’s session at 53,096 against the closing of yesterday or 53,083. Now it quotes around 53,400, 0.6 percent more.
The price action shows that the prevailing bullish trend is strong and stable. The contract will probably extend the increase to 54,000 and 54,200, the closest potential barriers.
In case there is a decrease in the current level of 53,400, Nifty Bank Futures can find support to 53,000 and 52,750.
While the contract remains above the support in 52,300, the broadest bias will be optimistic and any fall can be seen as an opportunity to spend for a long time.
Commercial strategy
For Intradía, bake futures from Nifty Bank if you immerse 53,250. The objective and the stop-loss can be 53,800 and 53,000 respectively.
Support: 53,000 and 52,750
Resistance: 54,000 and 54,200
Posted on April 17, 2025
