Nifty Bank Prediction Today – February 20, 2026: Nifty Bank Futures: Resistance ahead; stay out of the market

Nifty Bank index is attempting to recover after witnessing a sharp fall on Thursday. The index is currently trading at 61,050 up 0.5 per cent. The advances/declines ratio is at 13:1. This has to sustain in order to push the index further higher during the day.

Nifty Bank index outlook

Nifty Bank (61,050) index has an immediate resistance at 61,170. The index can rise to test this resistance during the day. A break above this resistance can give more relief. It can then clear the way for a rise to 61,400 and even higher.

On the other hand, if the index fails to breach 61,170, it can fall back to 60,500-60,400 again.

So, the price action around 61,170 will need a close watch during the day.

Nifty Bank Futures

The Nifty Bank February Futures (61,060) is up 0.57 per cent. Immediate resistance is at 61,142 which has been tested already. The contract made an intraday high of 61,141 and has come down from there. A sustained break above 61,142 is needed to go further higher towards 61,300-61,400.

Failure to break above 61,142 and a reversal from there can drag the contract down to 60,850-60,800 and even 60,700.

Trade Strategy

Traders can stay out of the market for now. Long positions will have to be considered only on a sustained break above 61,142.

Supports: 60,850, 60,700

Resistances: 61,142, 61,300

Published on February 20, 2026