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Bank Nifty Prediction for Monday, 20 January 2025
Bank Nifty fell nearly 2% during the day, closing at 48,540.60, down 1.50%. Most banking stocks dropped, notably Axis Bank by 4.52%. With weak quarterly results expected, continued declines are anticipated. Key support exists at 48,500, while breaking below may lead to 48,000. A gap-up could reverse the trend.
After a day of rising, Bank Nifty again surprised by falling nearly 2% during the day. However, after taking support at the 42,200 level, it rose back over the 48,4500 level and closed the day at 48,540.60, which is 1.50% or 738.10 points lower from the previous closing.
All the banking stocks in the Index traded in red except Canara Bank where the Private sector banks fell the most led by Axis Bank which fell 4.52% followed by Kotak Mahindra and ICICI Bank – but surprisingly PSU Banks managed to stand still at the current levels with some minor losses.
Bank Nifty Prediction for 20 January 2025
Bank Nifty is extremely weak today compared to benchmark indices mainly because of the weak quarterly results of Axis Bank and is anticipated that the other Private lenders will disappoint the market too.
Also, as the market is in the corrective phase these days and there is no clear sign of any bounce back or reversal in the Index, and looking at the candlestick patterns either on a daily, weekly, or monthly – all say the same story of continuous falling with no nearby support.
But, today’s market close above the 48,500 level is a major support level for the Index as seen in the past – but a break below this level will take the Index to the 48,000 level which is a major support for now – and the expected disappointing quarterly results may worsen the situation.
The nearby support for the Bank Nifty is at the 48,500 level followed by 48,200 and 48,000 levels while the resistance is at the 48,800 level followed by 49,000 and 49,500 levels.
What to Expect from Bank Nifty on 20 January 2025
For Monday, 20 January, Bank Nifty is expected to continue its fall if opens lower or breaks below the 48,500 level and starts facing resistance crossing higher than that, which leads the index to the support level of 48,000.
But it opens a gap up then we may see a bullish market, as the market is near the oversold zone – hence there is a chance of reversal but only if opens higher and sustains at the higher levels.
Trading Level for Nifty: 48,000 – 49,000
Also Read:
Nifty Prediction for 11 March 2026
By: Raaz Aryan
March 10, 2026
Bank Nifty Support and Resistance for 20 January 2025
| Bank Nifty Support Levels | Bank Nifty Resistance Levels |
|---|---|
| 48,200 | 48,800 |
| 48,000 | 49,000 |
| 47,500 | 49,500 |
Note:- For the Most Accurate Data you can revisit this Page after 11:00 AM (during Trading hours), so we can update the Trade Setup after analyzing the Market.
Happy Trading 🙂
