Nifty Bank index opened today’s session lower at 55,216 compared to yesterday’s close of 55,411. It is now hovering around 55,200, down nearly 0.4 per cent.
Except Punjab National Bank (up 0.15 per cent), all other stocks in the index are in the red led by Kotak Mahindra Bank and AU Small Finance Bank, down 1.1 per cent each.
Nifty Private Bank is down 0.5 per cent whereas Nifty PSU Bank has lost 0.4 per cent. Therefore, the private banks are facing comparatively higher selling pressure than their public sector peers.
Nifty Bank futures
The August Nifty Bank futures began today’s trade lower at 55,490 versus yesterday’s close of 55,581. It is now trading at 55,370, down 0.4 per cent.
The chart indicates that the bears are having an upper hand over the bulls and thus, the probability of further fall is high.
From the current level of 55,370, the nearest support is at 55,200. But given the overall bearish inclination, Nifty Bank futures can extend the decline beyond this and touch 55,000.
On the other hand, if the contract moves up, it will face a barrier at 55,600. A breach of this can lift it further to 55,720.
That said, overall, the price action hints at further fall.
Trade strategy
Short Nifty Bank futures (Aug) now at 55,370 and on a rise to 55,480. Place stop-loss at 55,600. Book profits at 55,000.
Supports: 55,200 and 55,000
Resistances: 55,600 and 55,720
Published on August 7, 2025
