Group 1 - Nifty Bank index opened slightly higher at 56,529 and is currently at 56,570, reflecting a 0.15% increase with a bullish advance/decline ratio of 8/4 [1] - AU Small Finance Bank and IDFC First Bank are the top performers, rising by 3.1% and 1.2% respectively, while Axis Bank and IndusInd Bank are the top losers, declining by 1.1% and 0.8% [1] - Nifty PSU Bank has gained 0.8% today, outperforming the Nifty Private Bank, which is down about 0.1% [2] Group 2 - October expiry Nifty Bank futures opened at 56,785 and are currently trading at 56,868, up 0.3%, but facing resistance between 56,900 and 57,000 [3] - Prolonged consolidation near the resistance band may increase the probability of a decline, with potential drops to 56,500 and 56,100 if the current level of 56,868 falls [4] - If Nifty Bank futures surpass the resistance at 57,000, it could lead to a rally towards 57,200 and potentially 57,500 [4][5] Group 3 - The overall trend for Nifty Bank futures remains upward, but it is currently facing resistance without clear signs of a bearish reversal, suggesting a long position is advisable [5] - A trade strategy was suggested to buy Nifty Bank futures at 56,760, with a revised stop-loss at 56,700 and profit booking at 57,200 [6] - Support levels are identified at 56,725 and 56,500, while resistance levels are at 57,200 and 57,500 [6]
Nifty Bank Prediction Today – October 15, 2025: Nifty Bank futures: Retains positive bias, hold long positions
BusinessLine·2025-10-15 05:01