Nifty Bank Prediction Today – January 20, 2026: Nifty Bank futures: Displays bearish bias

Nifty Bank index began today’s session marginally lower at 59,851 versus yesterday’s close of 59,891. It fell after opening and is now hovering around 59,700, down 0.3 per cent.

The advance-decline ratio stands at 5-9, showing a bearish inclination. Kotak Mahindra Bank (up 0.8 per cent) and Union Bank of India (up 0.5 per cent) are the top performing stocks in Nifty Bank.

On the other hand, IndusInd Bank (down 3.1 per cent) is the top loser followed by Yes Bank (down 2.6 per cent).

Nifty PSU Bank has lost 0.7 per cent so far today whereas Nifty Private Bank is down nearly 0.25 per cent. So, broadly, the public sector banks are underperforming the private peers.

Nifty Bank futures

The January expiry Nifty Bank futures opened today’s session lower at 59,944 versus yesterday’s close of 59,891. It is now trading at 59,770, down 0.2 per cent.

The contract is now hovering around the 50-day moving average, which is a potential support. Although there are bearish indications, the support at 59,700 should be breached for the bears to take control. In such a case, the downtrend can extend to 59,500 and 59,200.

On the other hand, if Nifty Bank futures rises from the current level of 59,770, it can face a resistance at 60,000. Subsequent barrier is at 60,250.

Overall, there is a bearish bias, but there is a support ahead, which can be a challenge for the bears.

Trade strategy

Stay out for now. Short Nifty Bank futures if it slips below 59,700. Target and stop-loss can be 59,200 and 60,000 respectively.

Supports: 59,500 and 59,200

Resistances: 60,000 and 60,250

Published on January 20, 2026