Nifty Bank index opened today’s session lower at 55,897 compared to yesterday’s close of 55,962. It is currently trading at 56,080, up 0.2 per cent.
The advance/decline ratio of Nifty Bank index is at 6/6. Kotak Mahindra Bank (up 1.4 per cent) and State Bank of India (up 0.4 per cent) are the top performers.
On the other hand, The Federal Bank (down 1.2 per cent) and IndusInd Bank (down 0.8 per cent) are the top losers.
Nifty Private Bank is up 0.25 per cent whereas Nifty PSU Bank is trading flat. So, broadly, the private banks are outperforming their public sector peers.
Nifty Bank futures
The August expiry Nifty Bank futures began today’s session at 56,200 against yesterday’s close of 56,194. It is now trading at 56,200.
The contract, which saw a drop in the first few minutes of today’s trade, found support at 56,000 and rebounded.
The price action hints that Nifty Bank futures is likely to rally further from the current level. While the nearest resistance is 56,500, the contract might rise to 56,850.
On the other hand, if it falls from the current level of 56,200, it can find support at 56,000. Subsequent support is at 55,800.
Trade strategy
Buy Nifty Bank futures (Aug) now at 56,200 and on a dip to 56,100. Place initial stop-loss at 55,900. Book profits at 56,500.
Supports: 56,000 and 55,800
Resistances: 56,500 and 56,850
Published on August 1, 2025
