Nifty Bank index has risen sharply in the early trades today. The index is up over a per cent and is currently trading at 57,200. The advances/declines ratio is at 14:0. This is a very positive signal.

Nifty Bank index outlook

The strong rise above 57,000 today can add momentum for the rise. The broader bullish view remains intact. We retain our view of the Nifty Bank index rallying to 58,000-58,250 in the coming sessions.

Key supports are at 56,500 and 56,300. The index has to fall below 56,300 to come under selling pressure. In that case, a fall to 55,900 can be seen. But such a fall is less likely.

Nifty Bank Futures

The Nifty Bank April Futures (57,200) is up 1.12 per cent. The contract has found good support around 56,500 and has risen back well.

The outlook is bullish. The Nifty Bank April Futures contract can rise to 57,800 and 58,200 in the coming days.

Important support is around 56,300. The contract has to fall below this support to change the outlook negative. But that looks unlikely.

Trade Strategy

Traders can wait for dips. Go long at 57,130 and 56,980. Keep the stop-loss at 56,660 initially. Trail the stop-loss up to 57,220 as soon as the contract goes up to 57,290. Revise the stop-loss higher to 57,340 and 57,530 when the contract touches 57,420 and 57,610 respectively. Exit the long positions at 57,780.

Supports: 57,000, 56,700

Resistances: 57,450, 57,800

Published on April 21, 2026