Nifty Bank index began today’s session lower at 55,545 versus Tuesday’s close of 55,714. It rose after opening and is currently trading around 55,860, up 0.25 per cent.
The advance/decline ratio stands at 9/3. IndusInd Bank ( up 5.3 per cent) is the top gainer followed by AU Small Finance Bank (up 1.3 per cent).
On the other hand, Kotak Mahindra Bank (down 0.7 per cent) and ICICI Bank (down 0.2 per cent) are the top losers.
Nifty Private Bank has gained 0.3 per cent whereas Nifty PSU Bank is up 0.2 per cent. Therefore, the private banks are performing comparatively better so far today.
Nifty Bank futures
The June expiry Nifty Bank futures began today’s session lower at 55,670 against yesterday’s close of 55,780. It is now trading at 55,950, up 0.3 per cent.
The rally in today’s first hour gives some hope for the bulls. As it stands, there is a possibility for Nifty Bank futures (Jun) to rise to 56,250, a resistance. Subsequent resistance is at 56,500.
On the other hand, if the contract declines, it can find support at 55,650 and 55,450. A breach of the latter can turn the outlook bearish. Support below 55,450 is at 55,000.
Overall, we expect Nifty Bank futures (Jun) to see a rally today.
Trade strategy
Buy Nifty Bank futures (Jun) at 55,950 and 55,850. Target and stop-loss for intraday can be 56,400 and 55,630 respectively.
Supports: 55,650 and 55,450
Resistances: 56,250 and 56,400
Published on June 18, 2025
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