Nifty Bank index opened today’s session with a gap-down at 55,330 compared to yesterday’s close of 55,360. It is now hovering around 55,320, down nearly 0.1 per cent.
The advance/decline ratio of Nifty Bank index is at 2/10, indicating a bearish inclination. Kotak Mahindra Bank (up 0.7 per cent) and ICICI Bank (up 0.3 per cent) are the only gainers.
On the other hand, IndusInd Bank (down 1.5 per cent) and IDFC First Bank (down 1 per cent) are the top losers.
While both Nifty PSU Bank and Nifty Private Bank were flat during the initial trade, the former is now down nearly 0.4 per cent. The latter has lost about 0.1 per cent.
Nifty Bank futures
The August Nifty Bank futures began today’s trade at 55,551 versus yesterday’s close of 55,539. It is now trading at 55,525.
While there are bearish indications, Nifty Bank futures has a notable support between 55,500 and 55,400. In case there is a rebound on the back of this, the contract can rally to 56,000. Resistance above 56,000 is at 56,500.
On the other hand, if the contract slips below the support at 55,400, we can see another leg of downtrend which can drag it to 55,000. Support below 55,000 is at 54,500.
Trade strategy
While there are bearish signs, Nifty Bank futures (Aug) has support ahead at 55,400. So, go short only if the contract breaches this support. Target and stop-loss can be 55,000 and 55,600 respectively.
Supports: 55,400 and 55,000
Resistances: 56,000 and 56,500
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Published on August 6, 2025
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