By Akhil Nallamuthub

Copyright thehindubusinessline

Nifty Bank index opened today’s session at 55,158 compared to yesterday’s close of 55,148. It is now hovering around 55,280, up 0.25 per cent by the end of the first hour of today’s trade.

The advance/decline ratio now stands at 7/5. Kotak Mahindra Bank (up 0.75 per cent) is the top gainer followed by The Federal Bank (up 0.65 per cent).

On the other hand, AU Small Finance Bank (down 1.2 per cent) and Punjab National Bank (down 0.1 per cent) are the losers in the Nifty Bank index.

Nifty PSU Bank is up 0.15 per cent whereas Nifty Private Bank has gained 0.3 per cent. Therefore, broadly, the private banks are outperforming their public sector peers.

Nifty Bank futures

The September futures of Nifty Bank index began today’s session higher at 55,370 versus yesterday’s close of 55,340. It is currently trading at 55,450, up 0.2 per cent.

The price action indicates a good positive momentum, and we expect Nifty Bank futures to rally further. We expect it to touch 55,800 and 56,000 soon.

On the other hand, if there is a decline from the current level, the contract can find support at 55,350 and 55,150. Only a breach of the latter will turn the intraday outlook bearish. But as it stands, the chances for this are low.

Overall, the outlook for the rest of the day is positive, and the contract can touch 55,800 today.

Trade strategy

Buy Nifty Bank futures (September) now at 55,450. Target and stop-loss can be 55,800 and 55,300 respectively.

Supports: 55,350 and 55,150

Resistances: 55,800 and 56,000

Published on September 17, 2025