Nifty Bank Prediction Today – February 3, 2026: Nifty Bank futures: Refrain from trading

Nifty Bank index began today’s session with a substantial gap-up at 61,411 versus yesterday’s close of 58,619. It is now hovering around 60,200, up 2.7 per cent.

All 14 stocks in the index are in the green, led by Axis Bank and IDFC First Bank, up 3.1 per cent each.

While the India-US trade deal did give an initial boost, post the gap-up opening, the index has not been able to sustain higher.

Within banking, private banks are outperforming the public sector banks. Consequently, Nifty Private Bank is up 2.9 per cent whereas Nifty PSU Bank is up 2.4 per cent.

Nifty Bank futures

The February expiry Nifty Bank futures opened today’s session significantly higher at 60,999 versus yesterday’s close of 58,843. It is now trading at 60,320, up 2.5 per cent.

After beginning the session with a gap-up, the contract marked an intraday high of 61,299.80. But then it fell sharply to the current level of 60,320.

Further decline is less likely as there are important support levels at 60,150 and 60,000. A decline below these levels today is unlikely.

That said, Nifty Bank futures might also struggle to get past an intraday hurdle at 60,600. So, overall, there is a good chance for the contract to stay within 60,000 and 60,600 for the rest of the session.

Trade strategy

Refrain from trading as Nifty Bank futures as it might stay within a price region.

Supports: 60,150 and 60,000

Resistances: 60,600 and 61,000

Published on February 3, 2026