Nifty Bank prediction today – October 10, 2025: Nifty Bank futures: In steady uptrend, retain the long position

Core Insights - The Nifty Bank index opened slightly lower but has shown a recovery, currently up 0.7% at 56,600, indicating a bullish market sentiment [1] - Public sector banks are outperforming private banks, with the Nifty PSU Bank up 1.8% compared to a 0.9% gain in the Nifty Private Bank [2] - Nifty Bank futures have resumed an uptrend, currently trading at 56,825, with potential resistance levels at 57,000 and 57,200 [3] Market Performance - The advance/decline ratio is strong at 11/1, highlighting a bullish bias in the market [1] - Punjab National Bank and State Bank of India are the top gainers, with increases of 2.1% and 2% respectively [1] - A U Small Finance Bank is the only stock in the Nifty Bank index showing a decline, down 0.1% [1] Futures Analysis - The October futures for the Nifty Bank index started at 56,398 and are currently at 56,825, indicating a positive trend [3] - A breakout above 57,000 could lead to further gains, potentially reaching 57,200 [3] - Support levels for the futures are identified at 56,800 and 56,500, with a low likelihood of falling below 56,600 today [4] Trading Strategy - Long positions on Nifty Bank futures initiated at 56,200 should be retained, with a revised stop-loss increased to 56,500 [5] - Profit booking is recommended at the 57,000 level [5] - Key support and resistance levels are established at 56,800, 56,500, 57,000, and 57,200 [5]