Nifty Bank Prediction Today – May 22, 2025: Range bound. Wait for dips to go long

The Nifty Bank index is down 0.5 per cent. It is currently trading at 54,800. The advances/declines ratio is at 3:9. This keeps the bias negative and can drag the index further down during the day. The Nifty Bank index is coming down at a much slower pace compared to Nifty. So, that keeps the big picture positive.

Nifty Bank Index outlook

Nifty Bank index has an intraday support in the 54,700-54,680. A break below 54,680 will increase the downside pressure. Such a break can drag the Nifty Bank index down to 54,400-54,300 in the coming sessions.

Intraday resistance is in the 54,950-55,000 region. The index has to breach 55,000 to move up towards 55,100-55,200.

Nifty Bank Futures

The Nifty Bank May Futures (54,968) is down 0.3 per cent. Broadly, 54,500-55,900 seems to be the trading range. Within this, the contract is coming down towards the lower end of the range. We expect the range to remain intact. So, we can see the Nifty Bank May Futures contract rising back from the 54,600-54,500 support zone and move back up to 54,900 in the coming sessions.

Trade Strategy

Traders can go long on dips at 54,660 and 54,580. Keep the stop-loss at 54,440. Trail the stop-loss up to 54,800 as soon as the contract goes up to 54,950. Revise the stop-loss further up to 55,000 when the contract touches 55,200. Exit the long positions at 55,400.

Supports: 54,600, 54,500

Resistances: 55,500, 55,900

Published on May 22, 2025