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Informist, Friday, Jun. 27, 2025

MUMBAI – Bank Nifty is expected to rise further, continuing its positive momentum next week, analysts said. "Markets appear upbeat, backed by falling crude, a strong rupee, and stable global sentiment. Watch for macroeconomic cues—domestic inflation data, FII flow trends, and the impact of monsoon patterns to guide the next move," said Vikram Kasat, head of Advisory, Prabhudas Lilladher Capital. 

The Nifty Bank index rose 0.4% on Friday to close at 57443.90, with five of the 12 constituents ending in the green. The index touched a record high of 57475.40 on Friday. IndusInd Bank gained the most, rising 2.6% after media reports that the bank was close to finalising its new chief executive officer, following a series of accounting lapses and exit of senior management. State Bank of India rose 1.1% while ICICI Bank rose 1.6%. HDFC Bank will be closely watched due to recent allegations against its Managing Director Sashidhar Jagdishan. 

"Bank Nifty on the weekly chart has formed a sizable bull candle with a higher high and higher low signalling strength and continuation of the up move. The index in the process rallied to a fresh all time high," Bajaj Broking said in a note. 

For Bank Nifty, a breakout formation on daily and weekly charts supports further uptrend from the current levels. In the short run, 57,000–56,700–56,500 would be key support zones, while 57,500–57,800–58,200 could serve as crucial resistance levels for traders, Kotak Securities said in its technical view for the index.

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* Bank of India board to mull raising funds via long-term infra bonds Thu

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:

End

US$1 = INR 85.48

Reported by Kabir Sharma

Edited by Akul Nishant Akhoury

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