Nifty Bank index began today’s session lower at 58,919 versus yesterday’s close of 59,239. It moved up a little after opening and is now at 59,125, down 0.2 per cent so far today.
The advance/decline ratio stands at 7/5, indicating a bullish bias. Canara Bank and IDFC First Bank, up 0.75 per cent each, are the top gainers.
On the other hand, Kotak Mahindra Bank (down 0.7 per cent) and ICICI Bank (down 0.6 per cent) are the top losers in the Nifty Bank index.
Nifty PSU Bank has gained 0.4 per cent whereas Nifty Private Bank has lost 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 59,400 versus yesterday’s close of 59,553. It is now trading at 59,425, down 0.2 per cent.
Although the contract exhibits a bearish inclination at the moment, there are key support levels ahead at 59,150 and 59,000. So, the downswing is unlikely to extend beyond 59,000.
A recovery, either from the current level of 59,425 or after a decline to the 59,000-59,150 region, can take Nifty Bank futures to 60,500. A breach of this can lift it further to 61,000 in the near term.
On the other hand, if the support at 59,000 is breached, the outlook can turn bearish and the contract can see a quick decline to 58,250, a support.
Trade strategy
Buy Nifty Bank futures (December) if it drops to 59,150. Target and stop-loss can be 60,500 and 58,800 respectively.
Supports: 59,150 and 59,000
Resistances: 60,500 and 61,000
Published on December 9, 2025
