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Informist, Friday, Dec. 12, 2025

MUMBAI - The Nifty Bank index is expected to consolidate next week and trade in a narrow band after a sharp run-up over the past few months, including hitting a record high in early December. A lack of fresh positive cues for bank stocks may lead to some profit taking heading into the end of the year.

"Bank Nifty is witnessing a sideways consolidation with a clear bearish undertone. In Wednesday's session, the index slipped below its 20-day EMA (exponential moving average) for the first time in several sessions, while the RSI (relative strength index) continued to form lower tops in a bearish crossover, reinforcing weak sentiment," said Vatsal Bhuva, technical analyst at LKP Securities. "Only a reclaim of the 10-day EMA with a bullish RSI crossover would revive optimism."

However, there may be some tailwinds from the robust credit growth reported in the banking system, indicating lending activity remains strong after the government and Reserve Bank of India's stimulus measures. Data released Friday showed banks' loans as on Nov. 28 rose INR 1.56 trillion from the previous fortnight and grew 11.5% on year.

The index ended slightly lower this week despite rising Friday. It settled at 59777.20 Friday, having slid from an all-time high of 60117.30 points on Dec. 1. IDFC FIRST Bank and Kotak Mahindra Bank were the biggest gainers this week, while Punjab National Bank fell 3.2%, the laggard for the second straight week. Bank of Baroda and IndusInd Bank also fell 2.8% this week, dragging the index down.

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* RBI Policy: Governor says we do not target any particular credit growth rate

Following are the resistance and support levels for the sector's key stocks for next week, as per calculations based on their prices on the National Stock Exchange:

End

Reported by Aaryan Khanna

Edited by Tanima Banerjee

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