Nifty Bank index opened today’s session with a gap-down at 55,429 compared to Friday’s close of 55,459. But it moved up after opening and is currently hovering around 55,575, up 0.25 per cent.
The advance/decline ratio now stands at 11/1, showing a strong bullish bias. Canara Bank (up 0.75 per cent) is the top gainer. This is followed by Punjab National Bank (up 0.6 per cent). AU Small Finance Bank, down 0.25 per cent, is the only stock in the Nifty Bank index in the red.
Nifty Private Bank and Nifty PSU Bank are up 0.25 per cent each by the end of the first hour of today’s trade.
Nifty Bank futures
The September futures of Nifty Bank index began today’s session lower at 55,595 versus last week’s close of 55,654. It is currently trading at 55,750, up 0.2 per cent.
A strong positive close in the first hour of today’s trade indicates good buying momentum. As long as the support at 55,500 remains valid, the intraday trend will be bullish.
From the current level, Nifty Bank futures can rally to 56,350, a potential resistance. A breakout of this can lift the contract to 56,800.
On the other hand, in case Nifty Bank futures falls below 55,500, it can lead to the extension of the downswing to 55,180, a support. Subsequent support is at 55,000.
Overall, the price action gives a positive inclination to Nifty Bank futures and the likelihood of a rally from the current level is high.
Trade strategy
Buy Nifty Bank futures (September) now at 55,750 and on a dip to 55,600. Target and stop-loss can be 56,350 and 55,350 respectively.
Supports: 55,500 and 55,180
Resistances: 56,350 and 56,800
Published on September 22, 2025
