Nifty Bank Prediction Today – February 5, 2026: Nifty Bank futures: No clarity in intraday outlook

Market Overview - Nifty Bank index opened at 60,315, showing a gap-up from the previous close of 60,238, currently hovering around 60,250 [1] - The advance-decline ratio is 8-6, indicating a positive market sentiment [1] Performance of Banks - Union Bank of India and State Bank of India are the top gainers, with increases of 1.7% and 1.1% respectively [1] - IndusInd Bank and Axis Bank are the top losers, with declines of 1% and 0.8% respectively [1] - Nifty PSU Bank has advanced nearly 1%, while Nifty Private Bank is down 0.4%, indicating that public sector banks are outperforming private banks [2] Nifty Bank Futures - February expiry Nifty Bank futures opened slightly higher at 60,439 compared to the previous close of 60,418, currently trading at 60,330, down 0.15% [3] - The contract is struggling to find direction, with support levels at 60,100 and 60,000, and resistance levels at 60,500 and 60,800 [3] Market Sentiment - There is a slight bullish bias as the contract has been making higher lows over the last few trading sessions [4] - Traders are advised to consider buying Nifty Bank futures if it breaks out of 60,500, with intraday targets set at 60,800 and a stop-loss at 60,350 [5]