~~ Technical Outlook ~~
Current Trend: The Nifty Bank Index is in a positive trend, with a closing value of 56,252.85 on June 20, 2025, reflecting a 1.22% gain. The index has entered a bullish phase in the last trading session, supported by strong buying in key constituents like HDFC Bank (+1.44%), ICICI Bank (+1.07%), Canara Bank (+2.25%), and Federal Bank (+1.62%).
#Support and Resistance Levels:
Support: Immediate support lies at 55,781, followed by 55,308 and 54,726. A critical long-term support is around 51,500; a break below 51,000 could signal weakness.
Resistance: Resistance is seen at 56,900, with potential upside targets at 56,600, 57,000, and a new all-time high around 57,267–57,500 if momentum sustains. the Long-term Target is around 60,500
!! Market Sentiment
Domestic and Institutional Activity: Domestic Institutional Investors (DIIs) have been strong buyers, purchasing ₹8,207 crore on June 18, while Foreign Institutional Investors (FIIs) were net buyers with ₹1,482 crore, indicating robust domestic support.
Sectoral Performance: The banking sector led gains, with 11 of 12 constituents in the green on June 20. Private banks like HDFC and ICICI Bank limited downside pressure, while public sector banks (PSU Banks) showed relative weakness, with the Nifty PSU Bank Index down 0.9% on June 16.
# Due to geopolitical tension, the market may be sideways or volatile.
-- Disclaimer --
This analysis is based on recent technical data and market sentiment from web sources. It is for informational purposes only and not financial advice. Trading involves high risks, and past performance does not guarantee future results. Always conduct your own research or consult a SEBI-registered advisor before trading.
#Boost and comment will be highly appreciated
Current Trend: The Nifty Bank Index is in a positive trend, with a closing value of 56,252.85 on June 20, 2025, reflecting a 1.22% gain. The index has entered a bullish phase in the last trading session, supported by strong buying in key constituents like HDFC Bank (+1.44%), ICICI Bank (+1.07%), Canara Bank (+2.25%), and Federal Bank (+1.62%).
#Support and Resistance Levels:
Support: Immediate support lies at 55,781, followed by 55,308 and 54,726. A critical long-term support is around 51,500; a break below 51,000 could signal weakness.
Resistance: Resistance is seen at 56,900, with potential upside targets at 56,600, 57,000, and a new all-time high around 57,267–57,500 if momentum sustains. the Long-term Target is around 60,500
!! Market Sentiment
Domestic and Institutional Activity: Domestic Institutional Investors (DIIs) have been strong buyers, purchasing ₹8,207 crore on June 18, while Foreign Institutional Investors (FIIs) were net buyers with ₹1,482 crore, indicating robust domestic support.
Sectoral Performance: The banking sector led gains, with 11 of 12 constituents in the green on June 20. Private banks like HDFC and ICICI Bank limited downside pressure, while public sector banks (PSU Banks) showed relative weakness, with the Nifty PSU Bank Index down 0.9% on June 16.
# Due to geopolitical tension, the market may be sideways or volatile.
-- Disclaimer --
This analysis is based on recent technical data and market sentiment from web sources. It is for informational purposes only and not financial advice. Trading involves high risks, and past performance does not guarantee future results. Always conduct your own research or consult a SEBI-registered advisor before trading.
#Boost and comment will be highly appreciated
renderwithme
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
renderwithme
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.