Nifty Bank Prediction Today – February 23, 2026: Nifty Bank futures: Scope for a rally

Market Overview - Nifty Bank index opened lower at 61,146 but recovered to 61,320, reflecting a 0.25% increase [1] - The advance-decline ratio is 10-4, indicating a bullish sentiment in the market [1] Performance of Banks - Union Bank of India and Axis Bank are the top gainers, with increases of 2.7% and 2.4% respectively [1] - IDFC First Bank is the top loser, experiencing a decline of 17%, followed by AU Small Finance Bank, which is down 6.4% [1] Sector Performance - Nifty PSU Bank has advanced by 1.7%, outperforming the Nifty Private Bank, which is up about 0.5% [2] Nifty Bank Futures - February expiry Nifty Bank futures opened at 61,266 and are currently trading at 61,300, up 0.2% [3] - The futures have a support level at 61,000, and if this holds, a bullish trend is expected towards 61,600 [3][4] Trade Strategy - Recommended to buy Nifty Bank futures at 61,200 and 61,050, with a stop-loss at 60,900 and profit booking at 61,600 [5] - Support levels are identified at 61,000 and 60,600, while resistance levels are at 61,600 and 61,800 [5]