Nifty Bank Prediction Today – February 5, 2026: Nifty Bank futures: No clarity in intraday outlook

Nifty Bank index began today’s session with a gap-up at 60,315 versus yesterday’s close of 60,238. It is now hovering around 60,250.

The advance-decline ratio stands at 8-6, showing a positive bias. Union Bank of India (up 1.7 per cent) and State Bank of India (up 1.1 per cent) are the top gainers in the Nifty Bank index.

On the other hand, IndusInd Bank (down 1 per cent) and Axis Bank (down 0.8 per cent) are the top losers.

Nifty PSU Bank has advanced nearly 1 per cent so far today whereas Nifty Private Bank is down 0.4 per cent. Therefore, public sector banks are outperforming private peers.

Nifty Bank futures

The February expiry Nifty Bank futures opened today’s session slightly higher at 60,439 versus yesterday’s close of 60,418. It is now trading at 60,330, down 0.15 per cent.

The price action shows that the contract is struggling to find direction. While there are support levels ahead at 60,100 and 60,000, Nifty Bank futures has barriers at 60,500 and 60,800.

But there is a slight bullish bias as the contract has been making higher lows over the last few trading sessions. So, traders can consider buying but only after a breakout.

Trade strategy

Buy Nifty Bank futures (February) if it breaks out of 60,500. For intraday, target and stop-loss can be 60,800 and 60,350 respectively.

Supports: 60,100 and 60,000

Resistances: 60,500 and 60,800

Published on February 5, 2026