Nifty Bank Prediction Today – January 27, 2026: Nifty Bank futures: Uncertainty prevails

Core Viewpoint - The Nifty Bank index has shown a recovery after a gap-down opening, indicating a bullish sentiment in the market despite some volatility in intraday movements [1][4]. Group 1: Nifty Bank Index Performance - The Nifty Bank index opened at 58,366, down from Friday's close of 58,473, but has recovered to 58,750, reflecting a 0.5% increase [1]. - The advance-decline ratio is 9-5, suggesting a bullish bias in the market [1]. - Axis Bank is the biggest gainer, up 5.2%, while Kotak Mahindra Bank is the top loser, down 3.4% [1]. Group 2: Sector Performance - The Nifty PSU Bank index has gained nearly 0.9%, outperforming the Nifty Private Bank index, which is up 0.5% [2]. Group 3: Nifty Bank Futures - The January expiry Nifty Bank futures opened higher at 58,560 compared to last week's close of 58,523 and is currently trading at 58,750, up 0.4% [3]. - The support level is identified at 58,500, while resistance is noted at 59,000, which may limit further upside [3]. Group 4: Market Volatility and Strategy - The market has shown significant volatility, and the January contracts are set to expire today, leading to a lack of clarity regarding intraday movements [4]. - It is advised to refrain from initiating fresh trades due to the uncertain direction of the intraday trend [5].