Nifty Bank Prediction Today – February 16, 2026: Nifty Bank Futures: May rise intraday

Nifty Bank index began today’s session with a gap-down at 59,948 versus yesterday’s close of 60,187. But it recovered soon after opening and is now hovering around 60,400, up 0.4 per cent.

The advance-decline ratio stands at 6-8, showing a slight bearish bias. HDFC Bank (up 2.1 per cent) is the top gainer followed by Axis Bank (up 1.3 per cent).

On the other hand, Union Bank of India (down 0.9 per cent) and State Bank of India (down 0.8 per cent) are the top losers.

Nifty Private Bank has gained nearly 0.6 per cent whereas Nifty PSU is down 0.4 per cent. So, broadly, private banks are outperforming their public sector peers so far today.

Nifty Bank futures

The February expiry Nifty Bank futures opened today’s session lower at 60,225 versus yesterday’s close of 60,321. It is now trading at 60,480, up 0.3 per cent.

In the first hour of today’s trading session, the contract bounced off the support band of 60,100-60,000 and closed in the green. This is a positive signal.

That said, for the intraday trend to turn truly positive, Nifty Bank futures should rally past 60,600. In such a case, the contract can rise to 60,800.

On the other hand, if the bears regain traction and drag the contract below the support at 60,000, the downswing can extend to 58,750.

Overall, as it stands, there is a positive bias, but traders can wait for Nifty Bank futures to go past 60,600 before going long.

Trade strategy

Buy Nifty Bank futures (February) if it rises above 60,600. Target and stop-loss for intraday can be 60,800 and 60,480 respectively.

Supports: 60,100 and 60,000

Resistances: 60,800 and 61,000

Published on February 16, 2026