Nifty Bank index began today’s session with a gap-down at 55,008 versus yesterday’s close of 55,734. It is now hovering around 55,150, down 1 per cent so far today.

Barring The Federal Bank (up 0.4 per cent), the remaining 13 stocks in Nifty Bank are in the red. IndusInd Bank, down 4.7 per cent, and ICICI Bank, down 1.7 per cent, are the top losers.

Nifty Private Bank has lost 1.2 per cent whereas Nifty PSU Bank is down 0.9 per cent. Therefore, the private banks are facing relatively higher selling pressure compared to their public sector peers.

Nifty Bank futures

The March expiry Nifty Bank futures opened today’s session lower at 55,000 versus yesterday’s close of 55,930. It is now trading at 55,350, down 1 per cent.

The price action shows that the bear trend is steady. Only a clear breakout of the hurdle at 55,600 can turn the intraday trend positive. In such a case, Nifty Bank futures can rally to 55,900 and 60,000.

On the other hand, if the contract extends the decline, it can drop to 55,000 and 54,800.

Trade strategy

Short Nifty Bank futures now at 55,350. Target and stop-loss can be 54,800 and 55,600 respectively.

But in case the above stop-loss is hit, it could be an indication of a trend reversal for today. So, you can go long with a stop-loss at 55,150 for a target of 56,000.

Supports: 55,000 and 54,800

Resistances: 55,600 and 55,900

Published on March 12, 2026