Nifty Bank index began today’s session with a gap-down at 59,354 versus yesterday’s close of 59,681. It is now hovering around 59,520, down nearly 0.3 per cent.
The advance/decline ratio stands at 9/3, indicating a bullish bias. Canara Bank and Bank of Baroda, up 2 per cent each, are the top gainers.
On the other hand, HDFC Bank (down 1.2 per cent) and ICICI Bank (down 1.1 per cent) are the top losers in the Nifty Bank index.
Nifty PSU Bank is up 1.1 per cent so far today whereas Nifty Private Bank has lost about 0.3 per cent. Therefore, the public sector banks are outperforming the private peers.
Nifty Bank futures
The December expiry Nifty Bank futures opened today’s session lower at 59,791 versus previous close of 59,914. It is now trading at 59,830, down 0.15 per cent.
Although there are positive indications, the chart shows that Nifty Bank futures has been struggling to rally past the resistance at 60,000 in the recent sessions. Prolonged consolidation around this level will increase the chances for a decline.
In case the contract gathers enough momentum to breach the barrier at 60,000, it can rise to 60,500 and 61,000.
On the other hand, if Nifty Bank futures slips from the current level, it can decline to 59,120, the nearest base. The price region between 59,000 and 59,120 is a support. A breach of 59,000 can lead to a fall to 58,000.
As it stands, the intraday trend appears uncertain.
Trade strategy
Short Nifty Bank futures (December) if it falls below 59,700. Target and stop-loss can be 59,200 and 59,900 respectively.
Supports: 59,120 and 59,000
Resistances: 60,000 and 60,500
Published on December 2, 2025
