Nifty Bank Prediction Today – April 15, 2025: Make use of dips to go long

Nifty Bank index has risen well above the psychological 52,000 mark. It is currently trading at 52,200, up 2.35 per cent. The advances/declines ratio is at 11:1. Federal Bank, marginally down by 0.02 per cent is the only stock trading in red in the index.

Nifty Bank index outlook

The strong rise above 51,800 is a positive for the index. The outlook is bullish. The level of 51,800 will act as a good support and limit the downside. The index can rise to 52,700 in the coming sessions.

The bullish outlook will get negated only if the index declines below 51,800. Only then the contract will come under pressure for a fall back to 51,000. But that looks unlikely.

Nifty Bank Futures

The Nifty Bank April Futures (52,274) is up 2.18 per cent. The outlook is bullish. Supports are at 52,000 and 51,800-51,750. The Nifty Bank April Futures contract can rise to 52,800 in the coming sessions.

The contract has to fall below 51,750 in order to negate the above-mentioned bullish view. If that happens, the contract can come down to 51,400 or even 51,000 again.

Trade Strategy

Traders can go long on dips at 52,210 and 51,900. Keep the stop-loss 51,700. Trail the stop-loss up to 52,250 as soon as the contract goes up to 52,400. Move the stop-loss further up to 52,600 when the contract touches 52,700.  Exit the long positions at 52,800.

Supports: 52,000, 51,800

Resistances: 52,800, 53,000

Published on April 15, 2025