Group 1 - Nifty Bank index opened higher at 57,140, currently hovering around 57,000, reflecting a 0.35% increase [1] - The advance/decline ratio is 8/4, indicating a bullish market sentiment, with Axis Bank and AU Small Finance Bank being the top performers [1] - Nifty PSU Bank gained 0.1% while Nifty Private Bank increased by 0.7%, showing that private banks are outperforming public sector banks [2] Group 2 - October expiry Nifty Bank futures opened at 57,250, currently trading at 57,200, up about 0.4% [3] - The bullish trend is expected to continue, with potential resistance at 57,500 and support at 57,000 [4][5] - A trade strategy suggests buying Nifty Bank futures at 57,200 and on dips to 57,000, with targets set at 57,500 and stop-loss at 56,850 [5]
Nifty Bank Prediction Today – October 16, 2025: Nifty Bank futures: Bias remains bullish