Are Nifty and Bank Nifty Signalling a Bullish Breakout Ahead?
About the Current Market Setup
The derivatives market is showing strong bullish signs as both Nifty and Bank Nifty futures recorded notable gains. Open interest has risen sharply, and the Put Call Ratio continues to stay above 1 — signalling confidence from put writers. Yet, resistance levels continue to cap upside momentum, delaying a clean breakout confirmation.Nifty futures have bounced back after briefly falling last week, reclaiming support zones with increasing open interest — a sign of accumulation. Meanwhile, Bank Nifty futures are showing stronger price structure with double support confirmations and rollover strength.
Key Market Signals
🔹 PCR above 1 indicates bullish sentiment
🔹 OI build-up confirms directional confidence
🔹 Nifty faces resistance at 26,450–26,500
🔹 Bank Nifty displaying stronger structure
🔹 Only a clean breakout will trigger fresh long entries
Before entering trades, ensure you align with momentum direction and confirm breakout levels. 👉 Check updated Nifty Tip before executing fresh positions.
Support & Resistance Overview
| Index | Support Zones | Resistance Zones |
|---|---|---|
| Nifty Futures | 26,050 / 25,750 / 25,600 | 26,450 / 26,500 / 27,000 |
| Bank Nifty Futures | 59,000 / 58,250 / 57,500 | 60,500 / 61,000 / 62,000 |
Both indexes are respecting their base supports, but Nifty continues to lag while Bank Nifty shows relative strength in momentum and structure.
|
Strengths
🔹 Strong OI accumulation 🔹 Higher lows forming 🔹 PCR supports bullish bias |
Weaknesses
🔹 Nifty still below breakout range 🔹 Resistance zones remain heavy 🔹 Sentiment dependent on global cues |
As long as support zones hold, the bullish bias remains intact, especially for Bank Nifty which has already retested and reacted strongly from key support.
|
Opportunities
🔹 Breakout entry post 26,500 (Nifty) 🔹 Bank Nifty trending setup 🔹 Retest-based entries are safer |
Threats
🔹 Global volatility spikes 🔹 Sudden gap-down risk 🔹 Failure to break resistance may trigger correction |
Breakouts must be respected — but only after confirmation and not anticipation.
Trade View & Strategy
🔹 Nifty Futures: Enter above 26,500 with SL 26,200 — targets 27,000
🔹 Bank Nifty Futures: Accumulate at dips toward 59,500 — targets 61,000–62,000
For precision scalping and swing planning, follow updated levels through our BankNifty Tip.
Derivative Pro & Nifty Expert Gulshan Khera, CFP®, notes that the trend remains bullish but fragile until Nifty delivers a confirmed breakout. For verified research-based views, visit Indian-Share-Tips.com, which is a SEBI Registered Advisory Services.
Related Queries on Nifty, Bank Nifty and Derivatives
🔹 Best support zones for Nifty
🔹 How to trade Bank Nifty breakouts
🔹 Open interest signals for intraday
🔹 When to enter trend continuation trades
🔹 How PCR impacts breakout probability
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.
