How Is Bank Nifty Positioned For Intraday Trading On 15 September 2025?
About Bank Nifty
The Bank Nifty index, curated by the National Stock Exchange (NSE), tracks the performance of the most liquid and large-cap banking stocks in India. It includes both private and public sector banks, serving as a key benchmark for the health of the Indian financial sector. Due to its high volatility and liquidity, Bank Nifty is one of the most actively traded indices in the derivatives market. Intraday traders closely follow its support, resistance, and moving averages to frame short-term trading strategies.
• Current Market Price (CMP): 54,809.30
• EMA (20-hour & 40-hour): 54,646 & 54,499
• EMA (20-day & 40-day): 54,650 & 55,067
• Support Zones: 54,700–54,580 and 54,400–54,285
• Resistance Levels: 55,000–55,300–55,500
Technical Analysis For Today
Bank Nifty opened near crucial technical levels, making the 54,700–54,580 band an important intraday pivot. If this zone holds firm, bullish momentum is expected to drive the index towards 55,000 and beyond. Sustained moves above this resistance could extend the upside to 55,300 and even 55,500. However, if Bank Nifty fails to defend the support zone, momentum may weaken, leading to a sideways trend for the rest of the session.
• Above 54,700–54,580: Bullish bias active
• Upside targets: 55,000 → 55,300 → 55,500
• Below 54,580: Bias shifts to sideways
Support And Downside Zones
The index is cushioned by two key support clusters. The first one lies at 54,700–54,580, a decisive zone for intraday direction. Below this, the 54,400–54,285 band acts as the secondary support. Breaching both zones could trigger profit booking and dent near-term momentum, warranting caution among traders.
• Primary support: 54,700–54,580
• Extended support: 54,400–54,285
Resistance And Upside Momentum
On the higher side, Bank Nifty encounters resistance at 55,000. A breakout here could unlock further gains towards 55,300 and potentially 55,500. Sustained trading above these levels will confirm bullish strength, attracting fresh long positions. Short-term traders may consider booking partial profits in these resistance zones while holding positions for extended upside if momentum persists.
• 55,000 – immediate barrier
• 55,300 – intermediate target
• 55,500 – extended upside target
Trading Strategy For The Day
Traders should align their strategies with the movement around the 54,700–54,580 support zone. If Bank Nifty sustains above this region, long positions with upside targets of 55,000–55,500 can be initiated with strict stop-losses placed just below 54,580. Conversely, a breakdown may lead to range-bound action, where traders can adopt quick entry and exit strategies with reduced risk exposure.
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Investor Takeaway
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SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.
