Nifty Bank index opened today’s session with a gap-up at 54,308 compared to yesterday’s close of 54,075. However, it fell after opening and is currently hovering around 53,850, down 0.4 per cent.
The advance/decline ratio stands at 4/8, showing a bearish bias. IDFC First Bank (up 1 per cent) is the top gainer followed by Canara Bank (up nearly 0.2 per cent).
Leading the decline is AU Small Finance Bank (down 1 per cent) followed by ICICI Bank (down 0.8 per cent).
Nifty Private Bank is down 0.2 per cent whereas Nifty PSU Bank is flat. Therefore, private banks are underperforming their public sector peers.
Nifty Bank futures
The September futures of Nifty Bank index began today’s session higher at 54,366 versus yesterday’s close of 54,293. It is currently trading at 54,080, down 0.4 per cent.
While the broader trend is bearish and there are bearish indications at the moment, Nifty Bank futures has a support ahead at 54,000.
In case the contract breaches the base at 54,000, it can open the door for an intraday decline to 53,800 and 53,600.
On the other hand, if the contract rebounds on the back of the support, it can face a barrier at 54,500. Only a decisive breakout of this will turn the outlook positive. Resistance above 54,500 can be spotted at 54,800 and 55,000.
Overall, the bias is bearish but since there is support ahead, it is advisable to stay out for now.
Trade strategy
Short Nifty Bank futures (September) when it slips below the support at 54,000. Target and stop-loss can be 53,600 and 54,200 respectively.
Supports: 53,800 and 53,600
Resistances: 54,500 and 54,800
Published on September 5, 2025
