Bank Nifty Today: Technical Triggers & Global Cues Ahead of Monthly Expiry
A data-driven outlook on Bank Nifty as monthly expiry approaches—covering global cues, FII/DII flows, support-resistance zones, and technical setups of key constituents like HDFC Bank and ICICI Bank.
1. Bank Nifty: Key Support & Resistance
| Parameter | Value (₹) |
|---|---|
| Support Zone | 55,600 – 55,200 |
| Resistance Zone | 55,800 – 56,400 |
| Key Trigger Level | Above 55,800 indicates upside potential; below 55,379 is a stop-loss for longs |
| Intraday Range | Consolidation between 55,700 – 55,900 |
Bank Nifty remains in a tight consolidation phase. A breakout above 55,900 may open the path toward 56,400, while a slip below 55,379 could trigger renewed selling pressure.
2. Top Constituents: Technical Snapshot
HDFC Bank (₹1,991.20, +0.15%)
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RSI (14): 49.95 – Neutral
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MACD: –0.285 – Mild bearish
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Stochastic: 41.78 – Below bullish threshold
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Supertrend: 1,949.39 – Mildly bullish
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Parabolic SAR: 2,025.38 – Bearish bias
Summary: Mixed signals indicate a near-neutral setup, with caution warranted until a breakout confirms the direction.
ICICI Bank (₹1,446.00, +1.08%)
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RSI (14): 51.27 – Neutral
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MACD: –4.17 – Mild bearishness
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ADX: 17.97 – Weak trend
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Supertrend: 1,473.41 – Resistance level
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PSAR: 1,450.27 – Price slightly below
Momentum Indicators:
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RSI: 61.48 (Buy)
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Stochastic: 76.65 (Buy)
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StochRSI: 94.31 (Overbought)
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MACD: 3.69 (Buy)
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Overall: 8 Buy vs. 1 Neutral
Summary: ICICI Bank displays strong bullish momentum and multiple buy signals, making it a key short-covering candidate.
3. Intraday Behavior & Sentiment
Bank Nifty closed at 55,755.45 (+0.10%), trading in a narrow band between 55,721–55,980. This consolidative candle highlights trader indecision as positions are adjusted ahead of expiry. Breakouts or breakdowns from this tight zone will likely define intraday momentum.
4. Institutional Flows: FII & DII Data (21 August 2025)
Cash Segment Activity (₹ Crore):
| Investor Type | Gross Purchase | Gross Sales | Net Position |
|---|---|---|---|
| FIIs | 14,960.14 | 13,713.63 | +1,246.51 (Net Buyer) |
| DIIs | 14,514.86 | 11,968.59 | +2,546.27 (Net Buyer) |
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FIIs turned net buyers, adding ₹1,246 crore, supporting near-term sentiment.
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DIIs contributed more significantly with ₹2,546 crore in net inflows, reinforcing domestic bullish undertones.
Derivatives Snapshot (FIIs):
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Index Futures: +₹970 crore
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Index Options: +₹2,084 crore
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Stock Futures: –₹984 crore
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Stock Options: +₹320 crore
This indicates FIIs were active buyers in index products, while trimming exposure in stock futures—suggesting tactical positioning ahead of expiry.
5. Stock-Wise Technical Summary
| Stock | Technical Snapshot | Implication |
|---|---|---|
| HDFC Bank | Neutral RSI/MACD; mild bullish trend via Supertrend | Watch for a breakout above ₹1,991 |
| ICICI Bank | Strong buy signals, bullish oscillators | Likely short-covering catalyst |
| SBI | Closed ₹826 (–0.39%); near support | Rebound could stabilize Bank Nifty |
| Kotak Bank | Closed ₹2,018 (flat); weak momentum | Sideways unless above ₹2,025 |
| Axis Bank | Closed ₹1,079 (–0.12%); consolidating | Reversal could aid index recovery |
6. Bank Nifty Scenarios
| Scenario | Trigger Condition | Price Targets (₹) |
|---|---|---|
| Bullish | Break above 55,900 | 56,154 → 56,400 → 56,655 |
| Rangebound | Hold between 55,700–55,900 | Track constituent momentum |
| Bearish | Break below 55,379 | 55,650 → 55,200 |
Final Takeaway
The Bank Nifty setup remains delicately poised between expiry-driven consolidation and potential short-covering rallies. ICICI Bank shines as a momentum leader, while HDFC Bank’s breakout signals warrant close watch. Strong institutional inflows from both FIIs and DIIs provide a supportive backdrop.
A decisive move above 55,900 could trigger sharp upside moves, while a breakdown below 55,379 may revive fresh selling pressure. Traders should align positions with these trigger levels and track institutional flows closely for directional cues.
Author’s Note
I am an independent observer of the equity market, not a SEBI-registered investment advisor. The analysis presented here is based on publicly available data, global cues, institutional flows, and technical chart studies. This material is meant purely for educational and informational purposes and should not be interpreted as financial advice or an endorsement to purchase or sell securities. Traders and investors are advised to consult with certified financial advisors before making investment decisions.
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