Nifty Bank index began today’s session with a gap-up at 60,360 versus Friday’s close of 60,151. It is currently trading at 60,340, up 0.3 per cent.
The advance/decline ratio stands at 9/5, showing a bullish bias. Union Bank (up 2.6 per cent) and AU Small Finance Bank (up 1.5 per cent) are the top gainers.
On the other hand, The Federal Bank (down 1.2 per cent) and HDFC Bank (down about 1.1 per cent) are the top losers.
Nifty PSU Bank has gained 1 per cent and it is the top performing sectoral index so far today. Nifty Private Bank is up 0.2 per cent. So, broadly, public sector banks are outperforming the private peers.
Nifty Bank futures
The January expiry Nifty Bank futures opened today’s session higher at 60,4320 versus last week’s close of 60,341. It is now hovering around 60,500, up nearly 0.3 per cent.
After closing last week on a positive note, the contract opened with a gap-up, which shows good upward momentum.
We expect Nifty Bank futures to rally to 61,000 soon. But if it falls and slips below 60,300, the intraday outlook may turn bearish. In such a case, the downswing can extend to 60,000.
That said, overall, the chart shows a bullish inclination, and the probability of a rally is high.
Trade strategy
Buy Nifty Bank futures (January) now at 60,500. Target and stop-loss can be 61,000 and 60,300 respectively.
Supports: 60,300 and 60,000
Resistances: 61,000 and 61,200
Published on January 5, 2026
