Nifty Bank Prediction Today – January 30, 2026: Nifty Bank futures: Might see higher volatility

Nifty Bank index began today’s session with a gap-down at 59,542 versus yesterday’s close of 59,958. It is now hovering around 59,800, down 0.25 per cent.

The advance-decline ratio stands at 6-8, showing a slight bearish bias. Union Bank of India (up 1 per cent) and IDFC First Bank (up 0.6 per cent) are the top gainers.

On the other hand, Canara Bank (down 1.4 per cent) is the top loser followed by Kotak Mahindra Bank (down 1.1 per cent).

Nifty PSU Bank is flat so far today whereas Nifty Private Bank is down 0.2 per cent. So overall, the public sector banks are outperforming the private peers.

Nifty Bank futures

The February expiry Nifty Bank futures opened today’s session lower at 60,050 versus yesterday’s close of 60,209. It is now trading at 60,050, down 0.25 per cent.

Although the contract declined initially, there is some recovery seen as the support at 60,000 holds true. As long as this stays valid, the intraday trend might remain upward biased. However, there is a resistance at 60,250, a potential challenge for the bulls.

A further rally from the current level of 60,150 can take Nifty Bank futures to 60,500. On the other hand, if the support at 60,000 is decisively breached, the downswing can extend to 59,600, a potential support.

Trade strategy

Risk averse traders can stay out as the volatility might be higher ahead of the Budget announcement on February 1 (Sunday).

Traders with higher risk tolerance can buy Nifty Bank futures (February) now at 60,050. Target and stop-loss can be 60,400 and 59,800 respectively. Liquidate the trade at the end of the day if neither target nor stop-loss is triggered.

Supports: 60,000 and 59,800

Resistances: 60,500 and 61,000

Published on January 30, 2026