Nifty Bank index began today’s session lower at 58,007 versus previous close of 58,114. It slipped after opening and is currently hovering around 57,930, down 0.3 per cent.
The advance/decline ratio stands at 7/5, showing a slight bullish inclination. IndusInd Bank (up 2 per cent) and AU Small Finance Bank (up 1.5 per cent) are the top gainers.
On the other hand, ICICI Bank (down 1.3 per cent) and Axis Bank (down 0.8 per cent) are the top losers in the Nifty Bank index.
While Nifty PSU Bank is up 0.2 per cent so far today, Nifty Private Bank has lost 0.4 per cent. Thus, the public sector banks are outperforming the private peers.
Nifty Bank futures
The October expiry Nifty Bank futures opened today’s session lower at 58,143 versus previous close of 58,183. It is now trading at 57,900, down 0.5 per cent.
The price action shows that the contract is facing a resistance between 58,250 and 58,600. On the other hand, there are support levels at 57,800 and 57,600.
Overall, as it stands, the intraday outlook is unclear and also, today being the expiry day for October contracts, the volatility can be higher, increasing the risk from intraday trading perspective.
Trade strategy
As there is lack of clarity with respect to intraday trading, we suggest staying out.
Supports: 57,800 and 57,600
Resistances: 58,250 and 58,600
Published on October 28, 2025
