Nifty Bank index opened today’s session with a gap-up at 55,797 compared to yesterday’s close of 55,493. It is now hovering around 55,775, up 0.5 per cent.
The advance/decline ratio now stands at 11/1, showing a strong bearish bias. Bank of Baroda (up 2.15 per cent) is the top gainer. This is followed by HDFC Bank and AU Small Finance Bank, up 0.85 per cent each. State Bank of India, down 0.1 per cent, is the only stock in the Nifty Bank index in the red.
Nifty Private Bank and Nifty PSU Bank are up 0.4 per cent each so far today.
Nifty Bank futures
The September futures of Nifty Bank index began today’s session higher at 55,900 versus yesterday’s close of 55,700. It is currently trading at 55,940, up 0.4 per cent.
The 50-day moving average lies at 56,000 against which there might be a temporary decline, possibly to 55,800, a support. Subsequent support is at 55,650. We expect Nifty Bank futures to rebound from either of these levels.
A rally past 56,000 can lift the contract to 56,350 and 56,800.
On the other hand, if Nifty Bank futures slips below 55,650, there could be an extension of the downtrend to 55,400.
Overall, the contract might dip to 55,800 and then resume the uptrend which can take it to 56,350.
Trade strategy
Buy Nifty Bank futures (September) now at 55,940 and on a dip to 55,800. Target and stop-loss can be 56,350 and 55,600 respectively.
Supports: 55,800 and 55,650
Resistances: 56,350 and 56,800
Published on September 18, 2025