Bank Stocks Outlook
Weak sentiment in Bank Nifty to persist next week
This story was originally published at 22:01 IST on 21 February 2025
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MUMBAI – Analysts expect the weak sentiment in Bank Nifty to continue next week and the index to retest the 48500 level. The index Friday closed 0.7% lower at 48981.20 points. During the week, the index fell 0.2%.
"Falling below this level could lead to a retest of 48500. Further downside may continue, potentially dragging the index down to 48000. However, if it rises above the 20-day SMA (simple moving average) or reaches 49500, it could rally to the 50-day SMA, reaching levels of 50000 and 50250," Amol Athawale, vice president-technical research at Kotak Securities, said in a note. The resistance for the index is pegged at 50600 points.
Weak investment sentiment for emerging markets and news on US tariffs is expected to influence equity markets in the near term, Shrikant Chouhan, head-equity research at Kotak Securities, said in a note.
TOP HEADLINES
* Govt stake in PSU banks should come down significantly, says Bank of India MD
* Reckless financialisation must not cause overleveraging, says RBI Rao
* S&P upgrades Kotak Mahindra Bank's credit profile rtg to 'bbb' from 'bbb-'
* Karur Vysya Bank board re-appoints two non-executive independent directors
* RBI imposes fine of INR 135,950 on Union Bank of India
* Data Alert: Bank loans up 11.3% on year as of Feb 7, deposits up 10.6%
* Banking secy likely to meet PSU bks before Budget session resumes: officials
* Indian Overseas Bank appoints Madhaw Chandra Jha as CFO effective Mar 1
Following are the resistance and support levels for the stocks for next week as per calculations by Informist based on their prices on the National Stock Exchange:
| Company | Price | Week-on-Week Change in % | Resistance | Support |
| AU Small Finance Bank | 537.6 | 0.50 | 549.60 | 518.60 |
| Axis Bank | 1008.95 | 1.20 | 1031.80 | 989.30 |
| Bank of Baroda | 210.27 | 2.50 | 217.30 | 205.60 |
| Canara Bank | 87.33 | 2.00 | 90.30 | 85.30 |
| Federal Bank | 179.85 | (-)0.60 | 188.40 | 174.70 |
| HDFC Bank | 1692.50 | (-)0.10 | 1705.90 | 1670.50 |
| ICICI Bank | 1232.95 | (-)2.20 | 1254.20 | 1213.90 |
| IDFC FIRST Bank | 60.63 | 0.10 | 62.60 | 59.20 |
| IndusInd Bank | 1043.75 | 1.90 | 1063.00 | 1029.30 |
| Kotak Mahindra Bank | 1953.05 | 0.00 | 1999.20 | 1911.50 |
| Punjab National Bank | 94.25 | 2.20 | 97.30 | 92.30 |
| State Bank of India | 722.00 | (-)0.00 | 736.30 | 712.90 |
| Nifty Bank | 48981.20 | (-)0.20 | 49559.80 | 48474.70 |
| Nifty 50 | 22795.90 | (-)0.60 | 23013.10 | 22611.70 |
| S&P BSE Sensex | 75311.06 | (-)0.80 | 76027.00 | 74754.40 |
End
Reported by Kshipra Petkar
Edited by Ashish Shirke
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