Nifty Bank Prediction Today – January 19, 2026: Nifty Bank futures: Uncertain intraday trend

Nifty Bank index began today’s session flat at 60,093 versus Friday’s close of 60,095. It fell after opening and is now hovering around 59,730, down 0.6 per cent.

The advance-decline ratio stands at 8-6 even as the index is in the red. Since major banks like HDFC Bank and ICICI Bank, which have considerable weight in the index, the index is down so far.

The Federal Bank (up 2.1 per cent) is the top gainer followed by Kotak Mahindra Bank (up 1.8 per cent). On the other hand, ICICI Bank (down 3.4 per cent) is the top loser followed by Yes Bank (down 2.2 per cent) and HDFC Bank (down 1 per cent).

Nifty PSU Bank has risen 0.4 per cent whereas Nifty Private Bank is down nearly 0.6 per cent. So, broadly, the public sector banks are outperforming the private peers.

Nifty Bank futures

The January expiry Nifty Bank futures opened today’s session lower at 60,055 versus last week’s close of 60,194. It is now trading at 59,780, down 0.7 per cent.

The current level is where the 50-day moving average lies, which is a potential support. If the contract slips below this, the downswing might extend to 59,500. Subsequent support is at 59,200.

On the other hand, if Nifty Bank futures rises from the current level, it should surpass 60,000 in order to turn the outlook positive.

Notably, the contract is now trading around the midpoint of the broader 59,200-60,500 range, within which it has been trading for nearly two months.

Given the above factors, there seems to be some uncertainty with respect to intraday trend.

Trade strategy

We suggest staying out at the moment. That said, traders with a high-risk appetite can buy Nifty Bank futures now at 59,780. Target and stop-loss can be 60,200 and 59,600 respectively.

Supports: 59,700 and 59,500

Resistances: 60,200 and 60,500

Published on January 19, 2026