Nifty Bank Prediction Today – February 17, 2026: Nifty Bank futures: Price action appears bullish

Nifty Bank index began today’s session lower at 60,821 compared to yesterday’s close of 60,949. It recovered after the gap-down open and is now hovering around 60,950.

Interestingly, the advance-decline ratio is equally split, and it stands at 7-7 now. IndusInd Bank (up 1.9 per cent) and Punjab National Bank (up 1.8 per cent) are the top gainers.

On the other hand, The Federal Bank (down 0.9 per cent) and Kotak Mahindra Bank (down 0.8 per cent) are the top losers.

Nifty PSU Bank has rallied 1 per cent so far today whereas Nifty Private Bank is down 0.3 per cent. So, the public sector banks are helping the Nifty Bank index to hold up.

Nifty Bank futures

The February expiry Nifty Bank futures opened today’s session lower at 60,910 versus yesterday’s close of 60,969. It is now trading at 61,080, up nearly 0.2 per cent.

Yesterday, the contract formed a strong bullish engulfing candlestick pattern, indicating strong buying interest. Following this, it has extended the upside so far today.

Therefore, the probability of further rally from the current level is high, where the contract can reach 61,500. A breakout of 61,500 can lift it to 62,000.

On the other hand, if there is a decline, Nifty Bank futures can find support at 60,800 and 60,600. Only a breach of the latter can turn the near-term outlook weak. Nearest support below 60,600 is at 60,200.

Overall, the bias is positive and so, participants can consider long positions.

Trade strategy

Buy Nifty Bank futures (February) at 61,080 and 60,800. Place stop-loss at 60,680. When the contract rises to 61,300, revise the stop-loss to 61,100. Book profits at 61,500.

Supports: 60,800 and 60,600

Resistances: 61,500 and 62,000

Published on February 17, 2026