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Published on 17-09-2025 01:44 pm

BANK NIFTY 55400 CALL @ 531, BOOK SOME PROFITS AND TRAIL SL TO COST

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Published on 17-09-2025 01:42 pm

HIGH RISK: BUY NIFTY 25300 PUT ABOVE 73 SL BELOW 51 TGT 86-102-129. 23 SEPT

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Published on 17-09-2025 12:51 pm

HIGH RISK: BUY NIFTY 25300 PUT ABOVE 73 SL BELOW 51 TGT 86-102-129. 23 SEPT

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Published on 17-09-2025 11:31 am

BUY BANK NIFTY 55400 CALL SEPT ABOVE 510 SL BELOW 420 TGT 545-595-645. 30 SEPT

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Published on 17-09-2025 10:34 am

Nifty Bank : 55148

Technical Outlook

Week that was:

Bank Nifty continued its winning streak for tenth-consecutive session and settled at 55,147 up 0.47%. Nifty Private Bank index has relatively outperformed the benchmark, ending the day at 26927 up 0.78%..

Technical Outlook:

* Bank nifty opened the day on a positive note, after initial decline, index witnessed supportive buying demand in the vicinity of previous session low and closed higher. Consequently, the daily price action formed a strong bull candle carrying higher-high-low structure, indicating continuation of upward momentum.

* Key point to highlight is that index has formed higher-high-low structure for tenth-consecutive day and witnessed a decisive breakout from the falling trendline resistance. Index has maintained its position well above the 20-day EMA for the thirdconsecutive session, signaling strength in the ongoing uptrend. Going forward, any positive outcome from the US fed policy meeting along with tariff negotiation could act as a trigger, driving the index towards its previous swing high of 55,900. On the momentum front, weekly stochastic oscillator has maintained its bullish crossover, with reading of 43, reflecting continuation of current upward momentum. Hence, with the above improvement in index we revise our support to 54200 being 61.8% retracement of the current up move (53,561-55,185) and any decline from current level should be viewed as a buying opportunity.

* Structurally, Since Dec-22 the intermediate correction within channelized move has been arrested within 10%. While buying near 52 weeks EMA has been fruitful over next 8 months. With current 7% correction Bank Nifty approached 52 weeks EMA, suggesting index is approaching price wise correction. Hence, immediate strong support is placed near the 200-day EMA placed at 53600.

* PSU Bank Index has mirrored the benchmark and closed on a positive note. Index has sustained above the recent upside gaps and consolidating near its previous swing high near 7149, thereby a decisive close above this high would open the gate for next leg of up move. However, immediate support is placed near the rising trendline, aligning with the 50-day EMA (6935)

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