Nifty Bank index opened today’s session lower at 55,752 compared to yesterday’s close of 55,865. It slipped after opening and is currently trading at 55,666, down nearly 0.4 per cent.
The advance/decline ratio stands at 3/9. Canara Bank (up 0.7 per cent), The Federal Bank (up 0.3 per cent) and Bank of Baroda (up 0.25 per cent) are the gainers.
On the other hand, AU Small Finance Bank (down 0.9 per cent) and ICICI Bank (down 0.7 per cent) are the top losers.
Nifty Private Bank has lost 0.4 per cent whereas Nifty PSU Bank is up 0.15 per cent. So, broadly, the public sector banks are outperforming their private peers.
Nifty Bank futures
The August Nifty Bank futures began today’s trade with a gap-down at 55,735 versus last week’s close of 55,966. It is now trading at 55,800, down 0.3 per cent.
The contract, which opened the current week on the front foot, faced 21-day moving average resistance at 56,120 on Monday. Since then, it has been gradually moderating and is now at 55,800.
From the current level, there is support ahead at 55,700. A breach of this can trigger another leg of downtrend, potentially dragging the contract to 55,300.
But in case Nifty Bank futures recovers from the current level, it will face a barrier at 56,120. Only a clear breach of this can turn the outlook positive, in which case the contract can rise to 56,500 and 56,800.
Overall, a bearish inclination can be seen from the price action. But traders can wait for the breach of the support at 55,700 before initiating a trade.
Trade strategy
Short Nifty Bank futures (August) if it breaks below the support at 55,700. Target and stop-loss can be 55,300 and 55,880 respectively.
Supports: 55,950 and 55,700
Resistances: 56,250 and 56,500
Published on August 20, 2025
