Bank Nifty Outlook: Week Beginning 28 April 2025

In the upcoming week, the zone between 53,600 and 54,300 will be crucial for Bank Nifty. Historically, this zone has acted as a strong resistance, with multiple failed breakout attempts in the past. However, in the recent move, Bank Nifty managed to break above this level, driven largely by strong performance in private banks, notably HDFC Bank.

Currently, while the price has seen some cooling off from the recent highs, the RSI remains firmly in bullish territory, indicating underlying strength.

This makes the coming week particularly interesting — whether Bank Nifty can sustain above this important breakout zone or if it retests this support will be key to watch.