Nifty Bank index opened today’s session with a gap-down at 55,545 compared to yesterday’s close of 55,619. It slipped further after opening and is now hovering around 55,410, down nearly 0.4 per cent.
The advance/decline ratio of Nifty Bank index is at 4/8. IndusInd Bank (up 1.7 per cent) is the top gainer followed by Axis Bank (up 0.6 per cent).
On the other hand, AU Small Finance Bank (down 1.1 per cent) and ICICI Bank (down 0.9 per cent) are the top losers.
Nifty Private Bank is down 0.25 per cent whereas Nifty PSU Bank has lost 0.1 per cent. So, broadly, the private banks are facing higher selling pressure than their public sector peers.
Nifty Bank futures
Even though the underlying Nifty Bank opened lower, the August futures of the index began today’s session marginally higher at 55,879 against yesterday’s close of 55,860.
However, the contract started to fall and is currently trading at 55,615, down 0.4 per cent so far today.
While the price action is bearish, Nifty Bank futures has a key support ahead at 55,500. If this level is invalidated, the sell-off can intensify potentially leading to a quick fall to 55,000.
On the other hand, if the contract rallies from the current level, it can face a resistance at 55,900. A breakout of this can turn the intraday trend bullish. In this case, Nifty Bank futures can extend the rally to 56,500. Resistance above 56,500 is at 57,000.
Trade strategy
Short Nifty Bank futures (Aug) if it inches up to 55,780. Target and stop-loss can be 55,500 and 55,925 respectively.
Supports: 55,500 and 55,000
Resistances: 55,900 and 56,500
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Published on August 5, 2025
