Anticipated Movement for Nifty Bank on July 29, 2025 - Nifty Bank July Futures: Expect support, consider short-selling if it falls below this level
Published on July 29, 2025
The Nifty Bank index is currently experiencing a bearish trend, with strong resistance around 57,000 and key support levels between 56,000–56,100. The index recently broke below its immediate support at 56,800 and closed near 56,528, indicating a weakening trend and potential further declines towards the 56,100–56,000 zone.
The immediate resistance for the Nifty Bank index is around 56,200, while the immediate support can be found at 55,650. If the contract rises past 56,250, it could potentially reach 56,500-56,600. Conversely, if it falls below 56,500-56,300, it may slide towards 56,100 or lower to 55,800.
The 20-day EMA at 56,800 has turned into a resistance level, and the RSI remains below 50, indicating weak momentum. The Nifty Bank July Futures has an immediate support at 55,930.
In the near term, trade strategies should focus on these levels. A bearish scenario could see a sustained slide below 56,500–56,300, opening the way for further downside moves. Traders may consider short positions or protective stops if the index fails to reclaim these support zones.
On the other hand, a bullish scenario could occur with a break and close above resistance at 56,300, potentially leading to a correction rally towards 56,600 and higher to 57,000. This could be a trigger for long entries with targets around resistance zones.
Given the recent choppiness and volume patterns, range strategies between 56,000 and 56,600 might suit traders until a decisive breakout or breakdown occurs.
Looking further ahead into 2025, forecasts suggest average monthly values around 55,900 to 56,900 with possible volatility within 51,700 to 61,300. This indicates a mixed medium-term outlook with potential for both pullbacks and rebounds.
In summary, the current technical landscape of the Nifty Bank index favours cautious short-term bearishness with clearly defined support and resistance. Traders should watch breaks below 56,300–56,500 for bearish continuation, monitor breaks above 56,300 for potential bullish reversal, use intraday confirmation for entries and exits, and adapt to range-bound conditions while awaiting clear directional cues.
The Nifty Bank index is currently trading at 56,970, down 0.2%, and the Nifty Bank July Futures (55,992) is down 0.32%. If the Nifty Bank July Futures breaks its immediate support at 55,930, it may potentially fall to 55,650 during the day. However, if it breaches the resistance at 56,200, it could potentially rise to 56,500.
- In the stock-market world, a bearish scenario for the Nifty Bank index may unfold if the index slides below 56,500–56,300, potentially triggering further declines towards 56,100 or lower, such as 55,800.
- Subscribers to business and finance analysis services might consider short positions or protective stops as a strategic move, anticipating the index's failure to reclaim these support zones.
- On the contrary, a bullish scenario could emerge if the Nifty Bank index manages to break and close above the resistance at 56,300, initiating a correction rally that could reach as high as 56,600 and beyond to 57,000, providing opportunities for long entries.
- In the medium term, investing in the Nifty Bank index might afford average monthly values around 55,900 to 56,900, with possible volatility ranging from 51,700 to 61,300, indicating a mixed outlook with potential both for pullbacks and rebounds.
