Nifty Bank Prediction Today – January 27, 2026: Nifty Bank futures: Uncertainty prevails

Nifty Bank index began today’s session with a gap-down at 58,366 versus Friday’s close of 58,473. But it has now recovered to 58,750, up 0.5 per cent so far today.

The advance-decline ratio stands at 9-5, showing a bullish bias. Axis Bank (up 5.2 per cent) is the biggest gainer followed by The Federal Bank (up 1.6 per cent).

On the other hand, Kotak Mahindra Bank (down 3.4 per cent) is the top loser followed by IDFC First Bank (down 0.6 per cent).

Nifty PSU Bank has gained nearly 0.9 per cent so far today and Nifty Private Bank is up 0.5 per cent. So overall, the public sector banks are outperforming the private peers.

Nifty Bank futures

The January expiry Nifty Bank futures opened today’s session higher at 58,560 versus last week’s close of 58,523. It is now trading at 58,750, up 0.4 per cent.

The recovery so far today indicates that 58,500 have acted as support. That said, on the other hand, there is a resistance ahead at 59,000, which can cap the upside.

So, the contract now seems to trade within two important levels. Also, the price action since today morning shows a good amount of volatility and today the January contracts expire.

Overall, there is a lack of clarity with respect to intraday movement.

Trade strategy

Refrain from initiating fresh trades as the direction of intraday trend is uncertain.

Supports: 58,500 and 58,150

Resistances: 59,000 and 59,200

Published on January 27, 2026