Nifty Bank index opened today’s session with a gap-up at 54,555 compared to yesterday’s close of 54,216. It is now hovering around 54,520, up 0.6 per cent, at the end of the first hour of today’s trade.
The advance/decline ratio stands at 10/2, showing a considerable bullish bias. Canara Bank (up 1.8 per cent) is the top gainer followed by Punjab National Bank (up nearly 1.7 per cent).
On the other hand, IDFC First Bank (down 0.4 per cent) and AU Small Finance Bank (down 0.4 per cent) are the losers in Nifty Bank index.
Nifty PSU Bank is up nearly 1.7 per cent whereas Nifty Private Bank has gained 0.7 per cent. Therefore, broadly, the public sector banks are outperforming their private peers.
Nifty Bank futures
The September futures of Nifty Bank index began today’s session higher at 54,730 versus yesterday’s close of 54,468. It is currently trading at 54,760, up 0.6 per cent.
The gap-up opening has taken the contract above the hurdles at 54,500 and 54,650. Thus, the price action now shows a bullish tilt. Even if there is drop in price, it is likely to be restricted to 54,650.
A rally from the current level can take Nifty Bank futures to 55,000 and 55,350, which are the notable resistance levels. A clear breakout of the later can turn the outlook bullish.
Overall, as it stands, the outlook for intraday appears bullish and so, participants can consider fresh long positions.
Trade strategy
Buy Nifty Bank futures (September) now at 54,760 and 54,650. Place stop-loss at 54,500. When the contract touches 55,000, trail the stop-loss to 54,800. Book profits at 55,350.
Supports: 54,650 and 54,500
Resistances: 55,000 and 55,350
Published on September 10, 2025
