Nifty Bank began today’s session marginally higher at 53,600 versus yesterday’s close of 53,555. But the index saw some recovery and it is now trading at 53,900, up 0.4 per cent.

The advances/ declines ratio stands at 10/4, showing a positive bias. IDFC First Bank, up 2 per cent, and Kotak Mahindra Bank, up 1.5 per cent, are the top performers.

On the other hand, The Federal Bank, down 1.75 per cent, and State Bank of India, down 0.25 per cent, are the top losers.

Nifty Private Bank has advanced 0.2 per cent, showing private banks’ contribution to the Nifty Bank’s gain so far today. However, Nifty PSU Bank is down nearly 0.3 per cent and is one of the weakest sectors today. Thus, public sector banks are a drag on Nifty Bank at the moment.

Nifty Bank futures

The May expiry Nifty Bank futures opened today’s session at 53,750 compared to Tuesday’s close of 53,722. It rose after opening and is now trading at 53,950, up 0.4 per cent.

The chart shows that despite today’s uptick so far, the broader view is bearish as Nifty Bank futures is trading below 54,400. Also, there is a resistance nearby at 54,000. 

We expect the downtrend in Nifty Bank futures to resume either at the current level of 53,950 or after extending the rise to 54,400. Once the fall resumes, the contract can decline to 53,000 and 52,500 in the near-term.

On the other hand, if Nifty Bank futures breaks out of the barrier at 54,400, the outlook can turn positive and can trigger a quick rally to 55,000.

But broadly, the inclination is bearish and the contract can resume the decline anywhere within the price band of 54,000-54,400.

Trade strategy

Short Nifty Bank futures (May) at 54,200. Target and stop-loss can be 53,000 and 54,500, respectively. 

Supports: 53,000 and 52,500

Resistances: 54,000 and 54,400

Published on May 13, 2026