Nifty Bank began today’s session lower at 54,832 versus last weeks’ close of 55,311. It fell further after opening and is now trading at 54,460, down 1.5 per cent.

Barring Bank of Baroda (up 0.6 per cent), all other constituent stocks in Nifty Bank are in the red. State Bank of India (down 4.1 per cent) and IndusInd Bank (down 3 per cent) are the top losers.

Nifty PSU Bank is down 1.9 per cent whereas Nifty Private Bank has lost 1.2 per cent. So, comparatively, the public sector banks are facing greater selling pressure than the private peers. 

Nifty Bank futures

The May expiry Nifty Bank futures opened today’s session lower at 54,924 compared to last week’s close of 55,516. It extended the loss after opening and is now trading at 54,600, down 1.6 per cent.

While the bears appear to be in control at the moment, Nifty Bank futures has a support ahead at 54,500. If this level is breached, it will open the door for a quick decline to 54,000.

On the other hand, in case the contract rebounds on the back of support at 54,500, it can rise to 55,000. That said, only a clear breakout of 55,000 can turn the outlook positive.

So, as it stands, Nifty Bank futures has two key levels, one at 54,500 and the other at 55,000. The path of the next price swing depends on which of these two is breached first.

Trade strategy

Short Nifty Bank futures (May) if it slips below 54,500. Target and stop-loss can be 54,000 and 54,750 respectively. 

Supports: 54,500 and 54,000

Resistances: 55,000 and 55,300

Published on May 11, 2026