Nifty is struggling to rise back. That keeps it vulnerable to fall more from here. Nifty Bank index on the other hand looks relatively better on the chart. There are good chances for the Nifty Bank index to rise from current levels. Broadly as seen from the charts, we can expect the Nifty Bank index to outperform the Nifty 50 in the coming weeks.

Nifty looks weak and can fall to 23,000-22,900 from here. An extended fall to 22,400 is also possible. Nifty 50 has to rise and sustain above 23,850 to ease the downside pressure.

Nifty Bank index has good supports at 53,750 and 52,500. The bias is positive to see a rise to 56,500-56,700 first and then to 58,500-59,000 eventually.

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Published on June 6, 2026