Nifty Bank index began today’s session at 56,481 versus yesterday’s close of 56,460. It fell after opening and is now hovering around 56,280, down 0.3 per cent.

Except AU Small Finance Bank (up 0.9 per cent), all other stocks in Nifty Bank index are in the red led by The Federal Bank (down 0.8 per cent) and Axis Bank (down 0.6 per cent).

Both Nifty Private Bank and Nifty PSU Bank index are down 0.2 per cent each so far today.

Nifty Bank futures 

The June expiry Nifty Bank futures began today’s session at 56,635 against yesterday’s close of 56,649. It is now trading at 56,500, down 0.25 per cent.

In the recent sessions, the contract has been on a decline, giving some bearish bias. However, the broader trend is bullish and there are notable support levels ahead.

The nearest support from the current level is at 56,400 followed by 56,250. A trendline also lies within this price region, making it a good base which the bulls can bank on to regain traction. 

We expect the ongoing decline to get arrested between the price band of 56,250-56,400. A potential rally on the back of this support can lift Nifty Bank futures (Jun) to 58,000.

On the other hand, if the contract slips below the support at 56,250, it can extend the decline to 55,800 and 55,500. 

Trade strategy

Go long on Nifty Bank futures (Jun) at 56,400 and on a dip to 56,250. Place initial stop-loss at 55,700. Book profits at 58,000.

Note that this is not an intraday trade recommendation and traders can consider carrying it to forthcoming sessions.

Supports: 56,500 and 56,250

Resistances: 58,000 and 58,500

Published on June 12, 2025