Nifty is expected to experience a weak market, particularly in the first half of March, due to negative sentiment confirmed by the index slipping below its 200 DMA. Selling pressure has spread from IT to heavyweights like Reliance and the realty pack, with Bank Nifty also showing caution. Key support is seen at 24,500, while resistance is at 25,500.

Rupak De’s track record: 27 graded calls · 95% CI 34–69%

Bank NiftyBearishCalled 02 Mar 2026Graded 19 Jul 2026
Verdict:HIT

Bank Nifty declined from ₹59839.65 to ₹54413.40, a drop of 9.07% in 13 days, consistent with the bearish outlook.

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