Nifty Bank began today’s session with a gap-up at 56,163 compared to last week’s close of 56,090. The index is now trading at 56,185, up nearly 0.2 per cent.

The advance/decline ratio stands at 9/5, showing a bullish bias. IndusInd Bank (up 3.9 per cent) and Kotak Mahindra Bank (up 2 per cent) are the top gainers. Whereas Axis Bank (down 3.5 per cent) and AU Small Finance Bank (down 2.4 per cent) are the top losers.

Nifty PSU Bank has gained 0.4 per cent so far but Nifty Private Bank is down 0.4 per cent and is one the weakest sector so far today. Therefore, the upthrust for Nifty Bank is provided by the public sector banks at large.

Nifty Bank futures

The April expiry Nifty Bank futures opened today’s session higher at 56,390 versus Friday’s close of 56,207. It is now hovering around 56,200.

The price action since the beginning of the session shows a weak bias. However, until now, the support at 56,000 has been holding well. So far, this level stays valid, the intraday trend will not turn bearish.

In case Nifty Bank futures breaches the support at 56,000, it will most probably extend the decline to 55,500 or 55,300.

On the other hand, if the contract recovers, it should surpass the barrier at 56,500 to establish an intraday uptrend. If that occurs, Nifty Bank futures can rise to 57,000. 

Overall, as it stands, the path of the trend for the rest of the day is uncertain. A flat trend is highly likely. 

Trade strategy

Stay out. Traders can consider fresh positions along the direction of the break of the 56,000-56,500 range. 

Supports: 56,000 and 55,500

Resistances: 56,500 and 57,000

Published on April 27, 2026