Nifty Bank index opened today’s session with a gap-down at 55,441 compared to yesterday’s close of 55,511. It fell further after opening and is currently trading at 55,320, down 0.35 per cent.
The advance/decline ratio is currently at 7/5, which shows a bullish bias. AU Small Finance Bank, Bank of Baroda and IndusInd Bank, up 0.35 per cent each, are the top gainers.
On the other hand, HDFC Bank and The Federal Bank, down 0.25 per cent each, are the top losers.
Nifty PSU Bank is up nearly 0.2 per cent whereas Nifty Private Bank is up 0.1 per cent. Therefore, broadly, the public sector banks are outperforming their private peers.
Nifty Bank futures
The August Nifty Bank futures began today’s trade lower at 55,500 versus yesterday’s close of 55,540. It has now slipped to 55,485, down 0.1 per cent.
There is a strong resistance ahead at 55,780. So long as this level holds, the bulls will be on a weaker wicket.
We expect Nifty Bank futures to resume the downtrend either from the current level of 55,485 or after inching up to 55,780.
Once the downward movement begins, the contract can drop to 55,000, a support. A breach of this can drag it further lower to 54,800.
In case Nifty Bank futures rallies from the current level and breaks out of 55,780, the outlook can turn positive. In such a case, the contract can rise to 56,000 and 56,500.
But as it stands, the trend is bearish and there is a barrier ahead for Nifty Bank futures and so, the probability of a fall is high.
Trade strategy
Short Nifty Bank futures (Aug) if it rises to 55,700. Target and stop-loss can be 55,000 and 56,000 respectively.
Supports: 55,000 and 54,800
Resistances: 55,780 and 56,000
Published on August 12, 2025
