The Nifty Bank Begen index today session with a gap in 56,565 against Tuesday’s closing of 56,462. It rose after the opening and currently trades around 55,610, 0.25 percent more.
The anticipation/decrease ratio is at 9/3. HDFC Bank, the Federal Bank and Banco de Baroda, 0.8 percent more so far, are the Toppers.
On the other hand, the Kotak Mahindra Bank (less than 1 percent) and the Axis bank (0.2 percent lower) are the main losers.
Nifty Psu Bank has won 0.3 percent, while Nifty Private Bank has increased almost 0.1 percent. Therefore, public sector banks are working relatively better so far.
Nifty Bank Futures
The Bank Bank’s futures of June expired to the highest session at 56,600 against yesterday’s closure of 56,501. Now is quoted at 56,620, 0.2 percent more.
While the contract remains above 56,250, the bias will be optimistic. We hope that Nifty Bank Futures (June) will see a rally of the current level, which can raise it to 57,150, a potential resistance. A rupture of this can lead to 57,300.
On the other hand, if the contract falls, there is a support of 56,250. A violation of this can add more strength to bears, since new sellers can arrive. In this case, Nifty Bank Futures (June) can decrease to 56000 and 55,600.
The nuncbery, given the prevailing price action, the probability of a rally is high.
Commercial strategy
Buy Nifty Bank Futures (June) to 56,620 and 56,500. The objective and loss of detention can be 57,150 and 56,250 respectively.
Support: 56,250 and 56,000
Resistances: 57,150 and 57,300
Posted on June 25, 2025