Bank Stocks Outlook
Nifty Bank may hit 55000 pts next wk; earnings in focus
This story was originally published at 19:59 IST on 18 April 2025
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MUMBAI – Analysts are positive on the Nifty Bank index for next week and expect it to touch 55000 points. "For trend-following traders, the important support levels would be 53,500 and 53,100. As long as these levels hold, the uptrend is likely to continue. On the higher side, the index could move up to around 54,500-55,000, with further upside potential that might lift it to 55,300," Amol Athawale, vice-president, technical research at Kotak Securities, said in a note.
On Thursday, the Nifty Bank closed 2.21% higher at 54290 points on the National Stock Exchange. During the week the index rose 6.45%.
Shares of HDFC Bank, ICICI Bank will be in focus next week as they will announce their financial results for the quarter ended Mar. 31 on Saturday. On Thursday, shares of HDFC Bank closed 1.5% higher at INR 1,906.70 and those of ICICI Bank closed 3.7% higher at INR 1,406.70 on the National Stock Exchange.
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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 | 586.55 | 5.30 | 599.70 | 569.90 |
| Axis Bank | 1190.80 | 11.40 | 1226.80 | 1135.60 |
| Bank of Baroda | 242.81 | 4.40 | 246.50 | 239.20 |
| Canara Bank | 96.02 | 6.10 | 97.70 | 93.70 |
| Federal Bank | 194.85 | 2.30 | 197.70 | 191.80 |
| HDFC Bank | 1906.70 | 5.50 | 1944.00 | 1858.00 |
| ICICI Bank | 1406.70 | 7.30 | 1440.70 | 1343.10 |
| IDFC FIRST Bank | 63.00 | 5.10 | 66.00 | 59.20 |
| IndusInd Bank | 794.70 | 15.30 | 814.70 | 767.30 |
| Kotak Mahindra Bank | 2188.10 | 3.60 | 2256.10 | 2063.70 |
| Punjab National Bank | 99.50 | 3.60 | 101.00 | 97.70 |
| State Bank of India | 797.45 | 5.80 | 822.40 | 754.70 |
| Nifty Bank | 54290.20 | 6.50 | 55249.70 | 52605.10 |
| Nifty 50 | 23851.65 | 4.50 | 24248.00 | 23100.40 |
| S&P BSE Sensex | 78553.20 | 4.50 | 79896.20 | 75994.20 |
End
Reported by Kshipra Petkar
Edited by Deepshikha Bhardwaj
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