Nifty Bank Prediction Today – March 5, 2026: Nifty Bank futures: Faces a hurdle

Market Overview - Nifty Bank index opened at 59,008, up 2% from the previous close of 58,755, currently hovering around 58,920 [1] - The advance-decline ratio is 10-4, indicating a bullish sentiment in the market [1] Performance of Banks - AU Small Finance Bank is the top gainer, up 1.8%, followed by IndusInd Bank, which is up 1.4% [1] - State Bank of India, Axis Bank, and ICICI Bank are the losers, down 0.6%, 0.3%, and 0.1% respectively [2] - Nifty PSU Bank is up 0.3%, while Nifty Private Bank is up 0.25%, indicating that public sector banks are performing slightly better than private banks [2] Nifty Bank Futures - March expiry Nifty Bank futures opened higher at 59,300, up nearly 0.3% from the previous close of 59,100, currently trading at 59,250 [3] - There is a resistance level at 59,450; a breakout above this level could lead to a rise towards 60,000 [3] - If the futures contract declines, support is found at 59,000, with a potential downswing to 58,500 if this level is breached [4] Trading Strategy - Current market conditions suggest a lack of clarity regarding the intraday trend, recommending traders to stay out [5] - A long position on Nifty Bank futures is suggested if it breaks above 59,450, with a target of 60,000 and a stop-loss at 59,150 [5] - Support levels are identified at 59,000 and 58,500, while resistance levels are at 59,450 and 60,000 [5]