Bank Nifty Chart Insights

AngelOne · July 22, 2025, 12:09pm

22 July 2025, Bank NIFTY Chart Insight

Since June 26, the index has traded in a tight range for most of the session, reflecting indecision and muted volatility.
The RSI stands at 51, indicating lackluster momentum and suggesting the index lacks strength for a decisive move.
Bank Nifty closed 196 points lower, ending below both the 10- and 20-EMA zones—a technical sign of weakness.
Market breadth was weak, with only 2 out of 12 constituent banks closing in the green, highlighting broad-based selling pressure within the index.
Despite the subdued tone, Bank Nifty is still trading less than 2% away from its all-time high, signaling that it remains relatively close to record levels.

AngelOne · July 23, 2025, 12:00pm

Sharp Surge: Bank Nifty zoomed over 450 points in a single session, nearing a breakout from its consolidation zone.
Derivatives Action: Visible short covering at the 57,000 & 57,500 call strikes, alongside heavy put writing at 57,000, signals bullish bias.
Market Breadth: 11 out of 12 banking stocks ended in the green, with only one closing flat.
Technical Strength: The index closed well above its 10- & 20-day EMAs; RSI above 56 reflects sustained upward momentum.
Top Movers: AU Bank and Bank of Baroda led the rally, while Canara Bank ended flat.

AngelOne · July 24, 2025, 11:53am

Bank Nifty dipped 178 points , but the story lies beneath the surface — a 3%+ OI drop signals long unwinding , not aggressive shorts.
Bulls showed resilience, pulling the index up 250+ points from day’s low , leaving behind a bullish lower wick .
Despite the red close, momentum structure remains intact with 4 straight sessions of higher highs and higher lows .
Support zones held firm , with the index clinging above its short-term EMAs — not a sign of weakness yet .

Star of the Day: Canara Bank , soaring over 5% .

Drag of the Day: Kotak Bank , down over 1% .

AngelOne · July 25, 2025, 12:52pm

Bank Nifty drops over 500 points , with volume surging above the 20-day average and 40% higher than the previous session.
Breaks below consolidation support on the hourly chart, indicating a breakdown from the recent range.
All banking stocks closed in red . IDFC First Bank fell 3%, while IndusInd Bank, Canara Bank, PNB, and Federal Bank declined over 2% each.
Weekly structure deteriorates , with three consecutive upper-wick candles on the weekly chart, showing consistent selling pressure at higher levels.
Despite the sell-off , Bank Nifty closed the week 245 points higher, ending in green on the weekly scale.

AngelOne · July 28, 2025, 12:23pm

Bank Nifty cracked 444 points, registering a decisive breakdown on the daily chart and closing below its 24-session support.
A prominent long upper wick was observed on the daily chart, signalling selling pressure at higher levels.
Open interest in Bank Nifty rose over 1%, indicating increased bearish positioning.
Only 2 of 12 index constituents—ICICI Bank and HDFC Bank—managed to close in the green, while the remaining 10 banking stocks ended in the red.
Less than 20% of Bank Nifty stocks are currently trading above their 10, 20, and 50 EMA zones, highlighting broad-based weakness across the sector.

AngelOne · July 29, 2025, 12:30pm

Bank Nifty closed 137 points higher, staging a recovery as it reclaimed and ended above its 50-EMA after breaching it in the previous session; this was accompanied by a nearly 8% reduction in open interest, signaling significant short covering.
Options activity showed notable put buildup at the 56,000 strike and meaningful call writing at the 56,300 strike.
Seven out of twelve banking stocks finished in the green, with PNB and AU Small Finance Bank emerging as top gainers, while Axis Bank and IDFC First Bank were the top losers.
The index’s ability to hold above the key moving average alongside sharp short covering and selective strength among constituents indicates improving sentiment, even as broader sector momentum remains mixed.

AngelOne · July 30, 2025, 1:34pm

Bank Nifty closed 71 points down, hovering near its 50-EMA, reflecting prevailing selling pressure with the index defending key moving average support.
Less than 20% of Bank Nifty stocks are trading above their 10- and 20-EMA zones, signalling overall market weakness and lack of broad participation.
The RSI sits at 44, indicating subdued momentum, while the 56,200 level remains a battleground between bulls and bears in the options market, highlighting indecision.
Only 4 of 12 banking stocks ended in green (AUBANK as top gainer, CANBK as top loser), underscoring sectoral underperformance and negative breadth

AngelOne · July 31, 2025, 12:06pm

Bank Nifty closed 188 points lower , after recovering nearly 400 points from intraday lows .
On the weekly chart , despite the late recovery, the index closed below its 10-EMA for the first time since 10th March 2025 .
On the monthly chart , the index ended in the red , breaking a 4-month winning streak .
Stock-wise performance: Only Kotak Bank and ICICI Bank closed in green, while PNB and Canara Bank were the top losers of the day.

AngelOne · August 1, 2025, 12:12pm

Bank Nifty slipped over 900 points on the weekly scale, extending its losing streak.
This marks the 5th straight week of declines, reflecting sustained bearish sentiment in the banking space.
For the first time since March, the index has closed below its 10-week EMA, a key technical support level.
Only 2 out of 12 banking stocks ended the week in green, highlighting weak market breadth.
Kotak Mahindra Bank emerged as the top gainer, while Federal Bank was the biggest loser among banking constituents.

AngelOne · August 4, 2025, 12:54pm

Bank Nifty closed flat for the session, finding support at a multi-tested support area, but continues to trade significantly below its 10, 20, and 50 EMA levels.
Stock movement was largely positive, with 10 banking stocks closing in green and only 2 ending in red.
Top performers included Bank of Baroda, IndusInd Bank, and IDFC First Bank, each posting gains of over 2% for the session.
ICICI Bank and HDFC Bank were notable laggards, closing just over 0.5% lower.
From a broader technical perspective, nearly 25% of banking stocks are trading above their 50 EMA, while more than 60% are holding above their 200 EMA levels.