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Informist, Friday, Dec. 19, 2025

NEW DELHI – The Nifty Bank index is expected to trade in a narrow band next week after falling this week. Market participants remain cautious due to a lack of fresh positive cues.

The index ended slightly lower this week, dragged down by shares of private sector banks. Shares of public sector banks rose this week. The Nifty Bank settled at 59069.20 Friday, down 0.3% on week and lower than the all-time high of 60117.30 points on Dec. 1.

IDFC FIRST Bank and Bank of Baroda were the biggest gainers this week, while Axis Bank fell 4.3%. HDFC Bank also fell 1.6% this week, dragging the index down.

"For Bank Nifty, the key support zones are 58700 and the 50-day SMA (simple moving average), around 58470," Amol Athawale, vice president-technical research at Kotak Securities, said. "As long as it trades above these levels, the bullish sentiment is likely to continue. On the higher side, 59700–60000 could be immediate resistance areas for traders. However, if it falls below the 50-day SMA or 58470, the uptrend would become vulnerable."

Vatsal Bhuva, technical analyst at LKP Securities, said there is indecisiveness among market participants and the short-term sentiment is cautious. "A few more consolidation sessions are expected, with the index likely to trade in a narrow range between 58800 and 59500 levels," Bhuva said in a note. "The undertone remains bearish as the index continues to stay below its short-term moving averages. A decisive breakout above 59500 or a breakdown below 58800 will determine the next directional move."

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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 Shubham Rana

Edited by Tanima Banerjee

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