Nifty Bank Index started today’s session higher at 56,994 compared to yesterday’s closure of 56,840. However, it dropped after the opening and currently fluctuates around 56,750, a decrease of 0.15 percent.
The advance/decline ratio is 5/7, which gives the index a light bearish bias. Indusind Bank (an increase of 2 percent) and Kotak Mahindra Bank (an increase of 1.4 percent) are the best profit.
On the other hand, IDFC First Bank (1.1 percent) and Icici Bank (0.8 percent) are the best losers.
While the Nifty Private Bank acts flat, Nifty PSU Bank has lost around 0.3 percent and is so far the weakest sector index.
So broadly the private banks within the bank space perform better than their private colleagues.
Nifty Bank Futures
The expiration date of June Nifty Bank Futures started today’s session at 57,026 by the end of yesterday of 56,999. It now acts at 56,930, a decrease of 0.15 percent.
After the 56,250 outbreak last week, the contract set itself up for part of the rally. The moderate moderation so far is probably temporary.
We expect Nifty Bank Futures (Jun) to start the Rally soon. At the top it can affect 58,000 in the short term.
On the other hand, the decrease is expected to be arrested at 56,700, a possible support. Subsequent support can be seen at 56,300.
Trade strategy
Buy Nifty Bank Futures at 56,930 and on a dip to 56,700. Target and Stop-Loss can be 58,000 and 56,400 respectively.
Support: 56,700 and 56,300
Resists: 58,000 and 58,500
Published 10 June 2025
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