Nifty Bank index opened today’s session lower at 54,256 compared to Tuesday’s close of 54,450. It slipped further after opening and is currently hovering around 54,100, down 0.6 per cent.
Barring Axis Bank and State Bank of India, which are flat, all other stocks in Nifty Bank index are in the red. AU Small Finance Bank (down 1.1 per cent) is the top loser followed by HDFC Bank (down 0.9 per cent).
Nifty Private Bank is down 0.6 per cent whereas Nifty PSU Bank has lost nearly 0.5 per cent. So, broadly, the private banks are facing relatively greater selling pressure compared to their public sector peers.
Nifty Bank futures
The August Nifty Bank futures began today’s trade with a gap-down at 54,399 versus Tuesday’s close of 54,526. It declined after opening and is now trading at 54,200, down 0.5 per cent.
The price action shows a strong bear trend. However, there is support ahead at 54,000. Just below this lies the 38.2 per cent Fibonacci retracement level of the prior rally at 53,800. Therefore, the price band of 53,800-54,000 is a support.
On the back of this, there might be a minor rally, possibly to 54,800. Resistance above 54,800 is at 55,000.
That said, in case the bears gather enough strength to drag Nifty Bank futures below the support at 53,800, it can trigger another leg of downtrend. Notable support below 53,800 is at 53,500.
Overall, while the bear trend is still intact, Nifty Bank futures might witness a corrective rally intraday.
Trade strategy
Risk averse traders can stay out. Traders with higher risk-appetite can go long on Nifty Bank futures at 54,200. Target and stop-loss can be 54,800 and 53,930 respectively.
Supports: 54,000 and 53,800
Resistances: 54,800 and 55,000
Published on August 28, 2025
