Nifty Bank Prediction Today – January 1, 2026: Nifty Bank futures: Set to break out soon

Group 1 - Nifty Bank index opened at 59,675, showing a gap-up from the previous close of 59,582, and is currently trading at 59,700, up 0.2% [1] - The advance/decline ratio is 10/4, indicating a bullish sentiment in the market [1] - Bank of Baroda and IndusInd Bank are among the top gainers, with increases of 1.8% and 0.9% respectively, while IDFC First Bank and Yes Bank are the top losers, down 0.6% and nearly 0.5% [1] Group 2 - Nifty PSU Bank has increased by 0.7%, outperforming the Nifty Private Bank, which is trading flat [2] - The January expiry Nifty Bank futures opened higher at 59,920 compared to the previous close of 59,884, currently trading at 59,950, up 0.1% [3] - The Nifty Bank index has rebounded from strong support, suggesting a resumption of the rally after a brief correction [3] Group 3 - Expectations are for Nifty Bank futures to surpass 60,000 and reach 60,400 in the coming sessions, with support levels identified at 59,800 and 59,500 [4] - A trade strategy is proposed to buy Nifty Bank futures at 59,950, with an initial stop loss at 59,750, and to book profits at 60,400 [5] - Supports and resistances are outlined, with supports at 59,800 and 59,500, and resistances at 60,400 and 60,650 [5]