Handy bank Index started today’s session with a gap on 56.565 versus the end of Tuesday of 56.462. After opening and currently acts around 55,610, an increase of 0.25 percent.
The advance/decline ratio is 9/3. HDFC Bank, the Federal Bank and Bank of Baroda, so far with 0.8 percent, are the toppers.
On the other hand, Kotak Mahindra Bank (1 percent) and Axis Bank (0.2 percent) are the best losers.
Nifty PSU Bank has won 0.3 percent, while the Nifty Private Bank has risen nearly 0.1 percent. That is why the banks in the public sector have been performing relatively better so far.
Nifty Bank Futures
The expiration date of June Nifty Bank Futures started today’s session higher at 56,600 by the end of the 56,501 yesterday. It now acts at 56,620, an increase of 0.2 percent.
As long as the contract remains above 56,250, the bias will be Bullish. We expect Nifty Bank Futures (June) to see a meeting of the current level that can increase it to 57,150, a potential resistance. An outbreak of this can continue to 57,300.
On the other hand, if the contract drops, there is a support at 56,250. A violation of this can add more strength to the bears as fresh sellers can arrive. In such a case, Nifty Bank Futures (June) can fall to 56,000 and 55,600.
Nevertheless, given the prevailing price action, the chance of a rally high is high.
Trade strategy
Buy Nifty Bank Futures (June) on 56,620 and 56,500. Target and Stop-Loss can be 57.150 and 56,250 respectively.
Support: 56,250 and 56,000
Resists: 57.150 and 57,300
Published on June 25, 2025
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