Bank Nifty is consolidating within a 58,706-56,549 range but is nearing a decisive breakout from this prolonged phase. Technically, it trades above key moving averages, and momentum indicators like the daily RSI above 60 support a bullish setup. Q1 earnings from major private banks (HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank) will be crucial in determining the index's direction on Monday.

Sudeep Shah’s track record: 14 graded calls · 95% CI 16–61%

Bank NiftyBullishCalled 19 Jul 2026Graded 24 Jul 2026
Verdict:MISS

Bank Nifty dropped from ₹57945.00 to ₹56592.00, a 2.33% decline, contradicting the bullish setup.

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