Market Overview - Nifty Bank index opened lower at 59,054, down 0.3% from Friday's close of 59,390, currently at 59,220 [1] - The advance/decline ratio is 3/9, indicating a bearish market sentiment [1] - Nifty Private Bank and Nifty PSU Bank indices are both down approximately 0.3%, reflecting similar selling pressure across public and private banks [2] Individual Bank Performance - Federal Bank increased by 0.8%, IDFC First Bank by 0.7%, and Canara Bank by 0.1%, marking them as gainers [1] - IndusInd Bank and Kotak Mahindra Bank are the top losers, down 0.9% and 0.7% respectively [1] Futures Market - December expiry Nifty Bank futures opened lower at 59,600, down nearly 0.4% from last week's close of 59,658, currently trading at 59,440 [3] - Important support levels are identified at 59,150 and 59,000, which may prevent further declines [3] - A potential rebound could push Nifty Bank futures to targets of 60,500 and 61,000 [3] Support and Resistance Levels - If the futures contract falls below the support level of 59,000, the short-term outlook may turn bearish, with notable support at 58,250 [4] - Current trade strategy suggests staying out for now, with a long position on Nifty Bank futures recommended if it slips to 59,150, targeting 60,500 with a stop-loss at 58,900 [5] - Supports are at 59,150 and 59,000, while resistances are at 60,200 and 60,500 [5] Companies to Monitor - IndusInd Bank Ltd is highlighted as a company to follow in the current market context [5]
Nifty Bank Prediction Today – December 15, 2025: Nifty Bank futures: Go long on a dip