Market Overview - The Nifty Bank index opened at 59,225, showing a gap-up from Friday's close of 59,069, and is currently hovering around 59,300, reflecting a 0.4% increase [1] - The advance/decline ratio is 10/2, indicating a strong positive bias in the market [1] - Nifty Private Bank and Nifty PSU Bank indices have both increased by 0.35% [2] Nifty Bank Futures - December expiry Nifty Bank futures opened higher at 59,425 compared to last week's close of 59,231 and is currently trading at 59,460, up 0.4% [3] - The contract bounced off the 50-day moving average at 59,000 last week, establishing a strong base between 59,000 and 59,150 [3] - The probability of a rally from the current level is high, given the broader uptrend remains intact [3] Price Targets and Support/Resistance Levels - The nearest hurdle for Nifty Bank futures is at 59,750, with expectations to surpass this level and rise to 60,200 and 60,500 in the near term [4] - A breakout above 60,500 could push the contract further to 61,000, while a decline below 59,000 is unlikely, but if it occurs, it could extend to 58,250 [4] Trade Strategy - A recommendation was made to buy Nifty Bank futures (December) at 59,150, with a target of 60,500 and a stop-loss at 58,900 [5] - Supports are identified at 59,150 and 59,000, while resistances are at 60,200 and 60,500 [5]

Nifty Bank index began today with a minor gap-up at 59,073 versus yesterday’s close of 59,035. But it slipped after opening and is now at 58,940, down nearly 0.2 per cent.Even as the index is down so far, the advance/decline ratio stands at 8/4, showing some positive bias. Canara Bank (up 2.1 per cent) is the top gainer followed by State Bank of India (up 1.5 per cent).At the other end, ICICI Bank (down 1.4 per cent) is the top loser followed by IndusInd Bank (down 0.9 per cent).Nifty PSU Bank has appreciat ...

Market Overview - Nifty Bank index opened lower at 59,054, down 0.3% from Friday's close of 59,390, currently at 59,220 [1] - The advance/decline ratio is 3/9, indicating a bearish market sentiment [1] - Nifty Private Bank and Nifty PSU Bank indices are both down approximately 0.3%, reflecting similar selling pressure across public and private banks [2] Individual Bank Performance - Federal Bank increased by 0.8%, IDFC First Bank by 0.7%, and Canara Bank by 0.1%, marking them as gainers [1] - IndusInd Bank and Kotak Mahindra Bank are the top losers, down 0.9% and 0.7% respectively [1] Futures Market - December expiry Nifty Bank futures opened lower at 59,600, down nearly 0.4% from last week's close of 59,658, currently trading at 59,440 [3] - Important support levels are identified at 59,150 and 59,000, which may prevent further declines [3] - A potential rebound could push Nifty Bank futures to targets of 60,500 and 61,000 [3] Support and Resistance Levels - If the futures contract falls below the support level of 59,000, the short-term outlook may turn bearish, with notable support at 58,250 [4] - Current trade strategy suggests staying out for now, with a long position on Nifty Bank futures recommended if it slips to 59,150, targeting 60,500 with a stop-loss at 58,900 [5] - Supports are at 59,150 and 59,000, while resistances are at 60,200 and 60,500 [5] Companies to Monitor - IndusInd Bank Ltd is highlighted as a company to follow in the current market context [5]

Nifty Bank index began today’s session higher at 59,402 versus yesterday’s close of 59,210. It moved up a little after opening and is now at 59,460, up 0.4 per cent.The advance/decline ratio stands at 10/2, indicating a bullish bias. IndusInd Bank (up 1.4 per cent) and IDFC First Bank (up 1 per cent) are the top gainers. Bank of Baroda (down 0.25 per cent) and State Bank of India (down 0.15 per cent) are the only losers in Nifty Bank index so far today. Nifty Private Bank is up nearly 0.7 per cent whereas N ...

Core Insights - Nifty Bank index opened lower at 58,919, down 0.2% from the previous close of 59,239, currently trading at 59,125 [1] - The advance/decline ratio is 7/5, indicating a bullish bias, with Canara Bank and IDFC First Bank as top gainers, both up 0.75%, while Kotak Mahindra Bank and ICICI Bank are the top losers, down 0.7% and 0.6% respectively [1] Nifty PSU and Private Banks - Nifty PSU Bank has gained 0.4%, outperforming the Nifty Private Bank, which has lost 0.3% [2] Nifty Bank Futures - December expiry Nifty Bank futures opened lower at 59,400, currently trading at 59,425, down 0.2% [3] - Key support levels are at 59,150 and 59,000, suggesting that the downswing is unlikely to extend beyond 59,000 [3] Recovery and Outlook - A recovery from the current level of 59,425 or after a decline to the 59,000-59,150 region could push Nifty Bank futures to 60,500, with potential further gains to 61,000 [4] - If the support at 59,000 is breached, a bearish outlook may lead to a decline to 58,250 [4] Trade Strategy - Recommendation to buy Nifty Bank futures if it drops to 59,150, with target at 60,500 and stop-loss at 58,800 [5] - Supports are identified at 59,150 and 59,000, while resistances are at 60,500 and 61,000 [5]

Nifty Bank index began today’s session lower at 59,133 versus yesterday’s close of 59,289. But it started to rally soon after opening and is now hovering around 59,570, up nearly 0.5 per cent.The advance/decline ratio stands at 10/2, indicating a strong bullish bias. Punjab National Bank and IDFC First Bank, up 1.5 per cent each, top the chart.On the other hand, IndusInd Bank (down 0.2 per cent) and Axis Bank (down 0.15 per cent) are the top losers in the Nifty Bank index.Nifty PSU Bank is up 1 per cent so ...

Core Insights - Nifty Bank index opened higher at 58,316 but has since slipped to around 58,180, indicating a slight decline after the initial gain [1] - Public sector banks are outperforming private banks, with Nifty PSU Bank up 0.2% while Nifty Private Bank remains flat [2] - Nifty Bank futures for November opened at 58,620, showing a 0.2% increase from the previous close of 58,519, and are expected to rally towards 58,850 and potentially 59,500 [3] Market Performance - The advance/decline ratio in the Nifty Bank index is currently even at 6/6, with Punjab National Bank and State Bank of India being the top gainers, up 0.9% and 0.75% respectively [1] - IDFC First Bank and The Federal Bank are the top losers, down 0.6% and 0.5% respectively [1] Futures Analysis - The Nifty Bank futures have moved above the resistance level of 58,550, indicating a positive trend and potential for further gains [3] - A support level is identified at 58,450, with a potential downswing to 58,150 if the futures slip below this support [4] Trading Strategy - For intraday trading, a long position on Nifty Bank futures is recommended if it surpasses 58,650, with target and stop-loss set at 58,850 and 58,550 respectively [5] - Key support levels are at 58,450 and 58,150, while resistance levels are at 58,650 and 58,850 [5]

Group 1 - Nifty Bank index opened at 58,315, showing a gap-up from Tuesday's close of 58,007, currently trading at 58,470, up 0.8% [1] - The advance/decline ratio is 10/2, indicating a bullish sentiment, with IDFC First Bank and Axis Bank as top performers, up 3.5% and 2.5% respectively [1] - Canara Bank and Bank of Baroda are the only losers in the Nifty Bank index, down 0.5% and 0.15% respectively [1] Group 2 - Nifty PSU Bank has gained 1.4% today, outperforming Nifty Private Bank, which is up 1.2% [2] Group 3 - October expiry Nifty Bank futures opened higher at 58,305, currently trading at 58,450, reflecting strong upward momentum [3] - The contract has marked a higher high in early trade, with expectations to move towards 59,000 despite a potential minor decline to 58,300 [3] Group 4 - If Nifty Bank futures slip below 58,100, the intraday outlook may turn bearish, but the chances of falling below this level are considered low [4] Group 5 - Trade strategy suggests buying Nifty Bank futures at 58,450 and on a dip to 58,300, with targets set at 59,000 and a stop-loss at 58,000 [5] - Supports are identified at 58,100 and 57,900, while resistances are at 59,000 and 59,250 [5]

Group 1 - Nifty Bank index opened higher at 57,140, currently hovering around 57,000, reflecting a 0.35% increase [1] - The advance/decline ratio is 8/4, indicating a bullish market sentiment, with Axis Bank and AU Small Finance Bank being the top performers [1] - Nifty PSU Bank gained 0.1% while Nifty Private Bank increased by 0.7%, showing that private banks are outperforming public sector banks [2] Group 2 - October expiry Nifty Bank futures opened at 57,250, currently trading at 57,200, up about 0.4% [3] - The bullish trend is expected to continue, with potential resistance at 57,500 and support at 57,000 [4][5] - A trade strategy suggests buying Nifty Bank futures at 57,200 and on dips to 57,000, with targets set at 57,500 and stop-loss at 56,850 [5]

Group 1 - Nifty Bank index opened slightly higher at 56,529 and is currently at 56,570, reflecting a 0.15% increase with a bullish advance/decline ratio of 8/4 [1] - AU Small Finance Bank and IDFC First Bank are the top performers, rising by 3.1% and 1.2% respectively, while Axis Bank and IndusInd Bank are the top losers, declining by 1.1% and 0.8% [1] - Nifty PSU Bank has gained 0.8% today, outperforming the Nifty Private Bank, which is down about 0.1% [2] Group 2 - October expiry Nifty Bank futures opened at 56,785 and are currently trading at 56,868, up 0.3%, but facing resistance between 56,900 and 57,000 [3] - Prolonged consolidation near the resistance band may increase the probability of a decline, with potential drops to 56,500 and 56,100 if the current level of 56,868 falls [4] - If Nifty Bank futures surpass the resistance at 57,000, it could lead to a rally towards 57,200 and potentially 57,500 [4][5] Group 3 - The overall trend for Nifty Bank futures remains upward, but it is currently facing resistance without clear signs of a bearish reversal, suggesting a long position is advisable [5] - A trade strategy was suggested to buy Nifty Bank futures at 56,760, with a revised stop-loss at 56,700 and profit booking at 57,200 [6] - Support levels are identified at 56,725 and 56,500, while resistance levels are at 57,200 and 57,500 [6]