MoneyA data-driven read of the Bank Nifty index — price trend, momentum, key levels and market context, with a transparent confidence score. Educational analysis, not investment advice.
Bank Nifty Index
Why moderately bearish?
- Price is below all of its key moving averages — a weak trend structure.
- RSI at 38.5 reflects soft momentum.
- MACD is bearish.
- Nearby support sits near 56,295.55 and resistance near 56,549.40.
- A Piercing Line candlestick formed on the latest bar.
- ADX at 8.9 points to a weak or rangebound trend.
- Volume is below average, so the current move lacks conviction.
- Price is within 0.18% of resistance, capping near-term upside.
Auto-generated from the computed indicators — price trend, momentum, volume, key levels and market context. Not a recommendation.
Key levels
| Resistance | 57,074.90 | +1.1% |
| Resistance | 56,823.20 | +0.7% |
| Resistance | 56,549.40 | +0.2% |
| Current | 56,450.55 | — |
| Support | 56,295.55 | −0.3% |
| Support | 56,023.60 | −0.8% |
| Support | 55,536.80 | −1.6% |
Scenarios
Technical
| RSI (14) | 38.5 |
| MACD | Bearish |
| ADX | 8.9 (weak) |
| Stoch RSI | 12.4 |
| CCI (20) | -211.9 |
| EMA 20 | 57,214.20 ▼ |
| EMA 50 | 57,216.92 ▼ |
| SMA 200 | 57,387.14 ▼ |
| Rel. volume | 0× |
| ATR (14) | 509.90 |
Market context
| Regime | Neutral |
| Nifty today | -0.04% |
| India VIX | 11.82 (calm) |
| Global | Wall Street closed lower overnight |
| 1-month | -2.5% |
| 1-year | +3.5% |
Price chart
Candles & volume from exchange data (Yahoo Finance), cached and possibly delayed. Bullion is the international price converted to an indicative INR rate. Not investment advice.
Candlestick: Piercing Line — treated as confluence, not a standalone signal.
Analysis and educational information based on delayed market data. Not personalised investment advice. Consult a SEBI-registered adviser before investing. Futures and options carry substantial risk; scenarios are analytical possibilities, not guaranteed outcomes.