Nifty Bank began today’s session with a gap-down at 52,259 versus yesterday’s close of 52,609. The index is now hovering around 52,222, down 0.75 per cent.

Barring IDFC First Bank, which is trading flat at the moment, all other stocks in Nifty Bank index are in the red. Union Bank of India (down 2.4 per cent) and Punjab National Bank (down 1.8 per cent) are the top losers.

Nifty PSU Bank, down 1.2 per cent, is one of the top losers among the sectors so far today. Whereas Nifty Private Bank has lost 0.6 per cent. Therefore, the public sector banks are facing greater selling pressure than the private peers. 

Nifty Bank futures

The April expiry Nifty Bank futures opened today’s session lower at 52,645 versus yesterday’s close of 52,896. It is now trading at 52,450, down 0.8 per cent.

While the contract has slipped after opening, it is trading above a support at 52,000. If Nifty Bank futures can sustain above 52,000, we are likely to see a fresh leg of rally, possibly to 54,000.

However, if the support at 52,000 is breached, the contract can see a decline to 51,500 and 50,300, potential support levels. 

As it stands, since the base at 52,000 is valid, the probability for a rally is higher than the probability for a fall.

Trade strategy

Buy Nifty Bank futures (April) if it breaks out of 52,700. Target and stop-loss can be 54,000 and 51,800 respectively.

Supports: 52,000 and 51,500

Resistances: 54,000 and 54,500

Published on April 7, 2026