Nifty Bank began today’s session higher at 54,208 versus yesterday’s close of 54,129. It is now trading at 54,240, up 0.2 per cent.

The advance/decline ratio stands at 5/9, showing a bearish bias. Kotak Mahindra Bank (up 2 per cent) and HDFC Bank (up 1.3 per cent) are the top gainers. On the other hand, Union Bank of India (down 1 per cent) and IDFC First Bank (down 0.9 per cent) are the top losers. 

Nifty Private Bank has advanced 0.7 per cent whereas Nifty PSU Bank has lost 0.6 per cent. Therefore, the private banks are considerably outperforming the public sector banks so far today.

Nifty Bank futures

The May expiry Nifty Bank futures opened today’s session at 54,240 compared to yesterday’s close of 54,228. It rose after opening and is now trading at 54,400, up 0.3 per cent.

The price action since yesterday shows that Nifty Bank futures has found a support at 53,500 and another potential base at a higher level at 54,000. So long as these levels hold, the bias will be bullish.

That said, there is a hurdle at 54,520, which is likely to be breached soon given how Nifty Bank futures has been moving. Once 54,520 is breached, the contract will see a quick rise to 55,000.

On the other hand, if Nifty Bank futures declines from the current level and breaches the base at 53,500, it will open the door for a fall to 53,000.

Trade strategy

Buy Nifty Bank futures (May) at 54,200. Target and stop-loss can be 55,000 and 53,800 respectively.

But in case the contract breaks out of 54,520 within moderating to 54,200, traders can go long with a stop-loss at 54,300 for a target of 55,000.

Supports: 54,000 and 53,500

Resistances: 54,520 and 55,000

Published on May 15, 2026