Must Read For Traders - Bank Nifty Analysis and Outook for 18th March 2025
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Bank Nifty Technical Outlook Analysis for March 18, 2025 - Including Market Insights, Gainers, Losers, and More
The Indian stock market witnessed notable activity in the banking sector on March 17, 2025. The Bank Nifty index exhibited a positive trend throughout the trading session, reflecting investor confidence. As of 16:45 IST, the Bank Nifty stood at 48,354.15, marking a 0.61% gain. The index fluctuated between an intraday high of 48,481.35 and a low of 48,196.10, demonstrating resilience and bullish momentum.
Bank Nifty Performance on March 17, 2025
The Bank Nifty opened at 48,219.55, up 159.15 points (0.33%) from its previous close of 48,056.65. By 16:45 IST, it climbed to 48,354.15, maintaining an upward trajectory. The index ultimately closed at 48,060.40, reflecting a strong session.
Bank Nifty futures traded at 48,500.00 (0.71%) at 16:45 IST, with an open interest change of 3.45%, indicating sustained bullish sentiment.
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Throughout the day, the index maintained a steady uptrend:
- At 13:40 IST, Bank Nifty was at 48,398.55 (0.7%).
- At 11:45 IST, it stood at 48,431.35 (0.54%).
- At 10:30 IST, the advance-to-decline ratio was 1.0, indicating strong sector-wide performance.
Top Gainers and Losers in Bank Nifty
Gainers
The Bank Nifty’s gains were driven by key banking stocks:
- IndusInd Bank: Led the rally with strong buying interest.
- ICICI Bank: Contributed significantly to the index’s uptrend.
- HDFC Bank: Displayed consistent gains throughout the session.
By 16:45 IST, the top gainers were:
- Axis Bank: Emerged as a key performer.
- ICICI Bank: Maintained its bullish momentum.
- IndusInd Bank: Continued its strong performance.
Losers
Despite the positive momentum, some banking stocks struggled:
- IDFC First Bank: Faced selling pressure early in the day.
- State Bank of India (SBI): Underperformed compared to peers.
- Punjab National Bank: Lagged behind in performance.
By 16:45 IST, the top losers included:
- AU Small Finance Bank: Recorded a notable decline.
- IDFC First Bank: Persisted in its downward movement.
- State Bank of India: Failed to recover significantly.
52-Week Highs and Lows
Several Bank Nifty stocks hit key milestones:
- Kotak Mahindra Bank: Reached a 52-week high of 1,997.70, reflecting strong investor confidence.
- AU Small Finance Bank: Dropped to a 52-week low of 492.70, signaling bearish sentiment.
- IDFC First Bank: Declined to a 52-week low of 53.25, facing sustained downward pressure.
High-Volume Trades
Trading volumes highlighted active participation:
- IDFC First Bank: 32,590,153 shares traded by 16:30 IST.
- IndusInd Bank: 22,350,097 shares exchanged hands by 16:30 IST.
- Punjab National Bank: 15,181,539 shares traded.
Technical Analysis: Support and Resistance Levels
| Level | Value |
|---|---|
| Resistance 1 (R1) | 48,295.8 |
| Resistance 2 (R2) | 48,531.2 |
| Resistance 3 (R3) | 48,581.05 |
| Support 1 (S1) | 48,010.55 |
| Support 2 (S2) | 47,960.7 |
| Support 3 (S3) | 47,725.3 |
Open Interest and Futures Performance
- At 14:45 IST, futures were at 48,490.15 (0.69%), with an open interest change of 3.43%.
- At 15:30 IST, futures traded at 48,475.65 (0.66%), reflecting a strong trend.
- By 16:45 IST, futures reached 48,500.00 (0.71%), with open interest change at 3.45%.
Options Market Activity
The most active options contracts were:
Call Options
- Strike 48,500: 432.00–465.25
- Strike 48,400: 484.15–520.95
- Strike 48,300: 540.20–576.90
Put Options
- Strike 48,500: 472.50–473.10
- Strike 48,400: 426.50–431.45
- Strike 48,300: 382.70–388.50
Conclusion
The Bank Nifty closed at 48,060.40, registering a 0.6% gain. Key stocks such as Axis Bank, ICICI Bank, and IndusInd Bank fueled the rally, while IDFC First Bank and AU Small Finance Bank lagged. Strong technical levels and open interest trends indicate continued bullish momentum in the near term.
For traders and investors, monitoring these market trends will be crucial in navigating the banking sector's movements.
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Disclaimer: The stock price targets and analysis presented are based on publicly available information from top brokerage firms and may change over time. Always consult with your financial advisor before making any investment decisions. The opinions expressed in this article are for informational purposes only and do not constitute financial advice.
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