Market Overview - The Nifty Bank index opened higher at 61,661 but is currently trading around 61,300, reflecting a decline of 0.4% from the previous close of 61,551 [1] - The advance-decline ratio stands at 3-11, indicating a bearish sentiment in the market [1] Bank Performance - AU Small Finance Bank and IDFC First Bank are the top gainers, with increases of approximately 0.8% and 0.4% respectively [1] - IndusInd Bank and Punjab National Bank are the top losers, with declines of 0.9% and 0.8% respectively [1][2] Futures Market - February expiry Nifty Bank futures opened at 61,590, down 0.4% from the previous close of 61,500, currently trading at 61,250 [3] - There is downward pressure on Nifty Bank futures, but support is expected at 61,100 and 61,000, which may limit further declines [3][4] Trading Strategy - A buy strategy for Nifty Bank futures is suggested at 61,250 and 61,100, with a stop-loss set at 60,900 [5] - If the contract rises to 61,500, the stop-loss should be revised to 61,350, with profit booking recommended at 61,750 [5] - Support levels are identified at 61,100 and 61,000, while resistance levels are at 61,750 and 62,000 [5]
Nifty Bank Prediction Today – February 19, 2026: Nifty Bank futures: Support can restrict bears