Nifty 50, Bank Nifty next targets: What are next milestones for indices? Anil Singhvi reveals

Nifty 50, Bank Nifty Targets: Benchmark indices Nifty and Bank Nifty have achieved key recovery targets in the ongoing rally, with momentum remaining strong after a sharp rebound from recent lows, market expert Anil Singhvi said.

Singhvi said the market has been in a steady uptrend over the past 15–20 sessions, with long positions continuing to perform and no major stop losses being triggered. He advised investors to stay with the trend while keeping hedges in place if needed.

Nifty recovers 75% of fall, hits key levels

Add Zee Business as a Preferred Source

He explained that the Nifty had declined nearly 3,000 points from its February 27 closing level of 25,178 to a low of 22,182 in early April. The index has since recovered strongly, completing around 75 per cent of the fall, with levels near 24,500–24,535 already achieved.

Next Nifty target at 25,178; resistance near 25,200

“The next big recovery target for Nifty is 25,178, as this was the level from where the fall had started,” Singhvi said. He added that important technical indicators are also placed around the same zone.

“The 50-day and 200-day moving averages are near 25,100–25,200, making this an important resistance area,” he said.

According to Singhvi, Nifty is likely to move towards the 25,100–25,200 range in the next phase of the rally, provided it holds above key support levels.

Key support at 24,400; near-term targets achieved

“The 24,400–24,150 zone is a strong support area, and as long as the index holds above this, the trend remains positive,” he said.

He noted that Nifty has already achieved short-term targets of 24,450–24,475 and is now attempting to sustain above 24,500 for further upside.

Bank Nifty hits targets, momentum remains strong

On Bank Nifty, Anil Singhvi said the index has met earlier targets and is now catching up with the broader market rally. He said Bank Nifty had fallen from around 60,500 levels in late February and has since recovered steadily.

He added that the index has crossed key moving averages, including the 50-day and 200-day averages, which indicates strong momentum.

Nifty Bank is currently at 57,375.90, showing gains of 1.91 per cent over the past one week and 7.39 per cent in one month. However, the index remains down 3.08 per cent over three months, 1.09 per cent over six months, and 3.91 per cent on a year-to-date basis, while it has risen 3.11 per cent over the past year.

From its 52-week low of 49,954.85 recorded on April 2, 2026, the index has recovered about 7,421 points or nearly 14.9 per cent, but it is still around 4,389 points or about 7.1 per cent below its 52-week high of 61,764.85.

Next targets at 58,300 and 60,500

“The next major target for Bank Nifty is in the 58,200–58,300 range, where about three-fourths of the recovery will be complete,” Singhvi said. He said the 100-day moving average is also placed near 58,200, making it an important level to watch.

According to Singhvi, once this level is achieved, the next big milestone will be around 60,500, which was the starting point of the previous decline.

“There is still a long journey from 58,300 to 60,500, so traders should trail positions and manage risk at intermediate levels,” he said. Singhvi reiterated that the overall strategy remains to stay on the long side while using proper stop losses and hedging where required.

He said the ongoing recovery reflects strong underlying momentum, and traders should focus on key levels while avoiding early profit booking as long as the trend remains intact.