Nifty Bank index opened today’s session lower at 55,062 compared to yesterday’s close of 55,122. It is currently hovering around 55,120.
The advance/decline ratio stands at 8/4, showing a bullish bias. The Federal Bank (up 0.5 per cent) is the top gainer followed by Punjab National Bank (up 0.4 per cent). On the other hand, Canara Bank and ICICI Bank, down about 0.15 per cent each, are the top losers.
Nifty PSU Bank has lost nearly 0.6 per cent whereas Nifty Private Bank is up by a marginal 0.1 per cent. Therefore, as of now, the private banks are outperforming the public sector peers.
Nifty Bank futures
The September futures of Nifty Bank index began today at 55,181 versus yesterday’s close of 55,252. It is currently trading at 55,320, up 0.15 per cent.
After trading below the support at 55,150 briefly, the contract has now regained this level. However, there is a resistance ahead at 55,450. Only a breakout of this will turn the intraday trend bullish.
A breakout of 55,450 can lift the contract further to 55,800 and possibly to 56,000. However, if Nifty Bank futures resume the downtrend, it can touch 55,000. A breach of this can drag the contract further to 54,700.
Trade strategy
Buy Nifty Bank futures (September) if it breaks out of 55,450. Target and stop-loss can be 55,800 and 55,300 respectively.
But if the contract falls below 55,150 again, go short with a stop-loss at 55,300. Exit at 54,800.
Supports: 55,450 and 55,180
Resistances: 55,850 and 56,000
Published on September 25, 2025