Nifty Bank index opened today’s session with a gap-up at 54,782 compared to yesterday’s close of 54,670. It is now hovering around 54,660.
The advance/decline ratio now stands at 6/6. Axis Bank (up 1.2 per cent) is the top gainer followed by Kotak Mahindra Bank (up 0.5 per cent).
On the other hand, HDFC Bank (down nearly 0.5 per cent) and The Federal Bank (down 0.3 per cent) are the losers in the Nifty Bank index.
Nifty PSU Bank is down 0.15 per cent whereas Nifty Private Bank has gained 0.2 per cent. Therefore, broadly, the private banks are outperforming their public sector peers.
Nifty Bank futures
The September futures of Nifty Bank index began today’s session higher at 54,950 versus yesterday’s close of 54,875. It is currently trading at 54,920.
While the contract has rallied so far this week, it now faces considerable resistance at 55,000. Also, there is support at 54,650.
So, overall, the path of the intraday trend will depend on the direction of the break of the 54,650-55,000 range.
A breakout of 55,000 can lift the contract to 55,350 today. But if Nifty Bank futures slips below the support at 54,650, it can extend the decline to 54,500 and 54,200.
That said, since the direction has been up so far this week, the bulls have some advantage at the moment. But traders should wait for the breakout of 55,000 before initiating fresh trades.
Trade strategy
Buy Nifty Bank futures (September) once it breaks out of 55,000. Target and stop-loss can be 55,350 and 54,850 respectively.
Supports: 54,650 and 54,500
Resistances: 55,000 and 55,350
Published on September 12, 2025
