Fundamental View-
As seen on the weekly and monthly charts,
RBLBANK
Bank Nifty is trading in a strong bullish uptrend, although a slight correction has been observed over the past two weeks. Just a week ago, Bank Nifty Futures touched its all-time high, but due to global factors like U.S. tariff news and geopolitical tensions, some profit booking emerged at higher levels.
SBIN
Bank Nifty consists of 12 major banking stocks, and its overall structure and trend remain bullish. Indicators like MACD and RSI are showing positive momentum. Despite recent selling pressure from higher levels, the
INDIANB
index offers a good buy-on-dip opportunity. Any correction toward lower levels could be used to enter fresh long positions with a medium-term view, as Bank Nifty is likely to break its previous highs and set new levels in the near future.
SBIN
HDFCBANK
AXISBANK
HDFCBANK
INDUSINDBK
CANBK
BANKBARODA
CANBK
Technical View-
As seen on the weekly and monthly charts, Bank Nifty is trading in a strong bullish uptrend. However, over the past two weeks, a minor correction was observed after touching a lifetime high, primarily due to U.S. tariff concerns and geopolitical tensions, which led to some profit booking. Despite this, the overall structure and trend of Bank Nifty remain positive, with MACD and RSI indicating strength. Bank Nifty, which includes 12 major banking stocks, continues to trade in a bullish zone and offers a good buy-on-dip opportunity. In the current scenario, an entry can be considered around 56,500–56,600 with a stop loss of 56,000. If the trend holds, Bank Nifty may soon break its previous highs and move toward the 58,000 level in the short term.