Nifty Bank index opened today’s session lower at 54,999 compared to yesterday’s close of 55,139. It fell after opening and is currently hovering around 54,600, down 1 per cent.
All 12 stocks in the index are in the red, showing significant selling pressure. HDFC Bank, down 1.2 per cent, is the top loser followed by IDFC First Bank, down 1.1 per cent.
Nifty Private Bank is down 1.1 per cent whereas Nifty PSU Bank has lost nearly 0.8 per cent. So, broadly, the private banks are facing greater selling pressure than their public sector peers.
Nifty Bank futures
The August Nifty Bank futures began today’s trade with a gap-down at 55,150 versus yesterday’s close of 55,259. It declined after opening and is now trading at 54,660, down 1.1 per cent.
The contract slipped below a key support at 55,000. This is a bearish signal and has opened the door for further fall. The nearest notable support from the current level is at 54,200 followed by 54,000.
On the other hand, if Nifty Bank futures recovers from the current level, it is likely to face resistance between 54,900-55,000. Only a rally past 55,000 can turn the outlook positive. However, given the prevailing price action, a move above 55,000 is unlikely.
Broadly, we expect Nifty Bank futures to see a minor uptick, possibly to 54,900, from the current level of 54,600. Post this move, the contract can resume the downtrend, which can drag it to 54,200-54,000 support band.
Trade strategy
Short Nifty Bank futures (August) are now at 54,660 and on a rise to 54,900. Place initial stop-loss at 55,100. Book profits at 54,200.
Supports: 54,200 and 54,000
Resistances: 54,900 and 55,000
Published on August 26, 2025
