Nifty Bank index began today’s session with a gap-up at 61,194 versus Wednesday’s close of 61,043. It is now at 61,090, up 0.1 per cent.The advance-decline ratio stands at 7-7. Yes Bank (up 1.7 per cent) and IDFC First Bank (up 0.9 per cent) are the top gainers.At the other end, Canara Bank (down 0.5 per cent) and AU Small Finance Bank (down 0.4 per cent) are the top losers.Nifty Private Bank is up nearly 0.2 per cent and Nifty PSU Bank is trading flat. Therefore, the private banks are outperforming their p ...

Nifty Bank index began today’s session with a gap-up at 61,175 versus Tuesday’s close of 61,047. It rose after opening and is now at 61,230, up 0.3 per cent.The advance-decline ratio stands at 10-4 now. Canara Bank (up 1.3 per cent) and ICICI Bank (up 0.8 per cent) are the top gainers.At the other end, AU Small Finance Bank (down 0.7 per cent) and IDFC First Bank (down 0.4 per cent) are the top losers.Nifty Private Bank is up nearly 0.4 per cent and Nifty PSU Bank has gained 0.3 per cent. Therefore, the pri ...

Nifty Bank index began today’s session lower at 61,146 compared to last week’s close of 61,172. However, it recovered after opening and is now trading at 61,320, up 0.25 per cent so far. The advance-decline ratio stands at 10-4 now, showing a bullish bias. Union Bank of India (up 2.7 per cent) and Axis Bank (up 2.4 per cent) are the top gainers. At the other end, IDFC First Bank tumbled 17 per cent and is the top loser. This is followed by AU Small Finance Bank, down 6.4 per cent.Nifty PSU Bank has advanced ...

Nifty Bank index began today’s session higher at 61,661 compared to yesterday’s close of 61,551. It is now hovering around 61,300, down 0.4 per cent.The advance-decline ratio is 3-11 now, showing a bearish bias. AU Small Finance Bank (up about 0.8 per cent) and IDFC First Bank (up 0.4 per cent) top the chart. At the other end, IndusInd Bank (down 0.9 per cent) and Punjab National Bank (down 0.8 per cent) are the top losers.Nifty PSU Bank and Nifty Private Bank have lost 0.4 per cent each. Therefore, both pu ...

Core Viewpoint - The Nifty Bank index shows a slight upward movement, indicating a mixed market sentiment with public sector banks outperforming private banks [1][2]. Nifty Bank Index Performance - The Nifty Bank index opened at 60,786, slightly up from the previous close of 60,745, currently hovering around 60,800, reflecting a 0.1% increase [1]. - The advance-decline ratio is 3-11, indicating a bearish bias in the market [1]. Sector Performance - The Nifty PSU Bank index is up approximately 0.2%, while the Nifty Private Bank index is trading flat, suggesting that public sector banks are performing better than their private counterparts [2]. Nifty Bank Futures - The February expiry Nifty Bank futures opened higher at 60,850 compared to the previous close of 60,809, currently trading at 60,840 [3]. - The futures contract reached a seven-day high of 60,901 early in the session but has since moderated, remaining above key support levels of 60,760 and 60,550 [3]. Future Outlook - A rally from the current level of 60,840 or after a dip to 60,550 could push Nifty Bank futures towards 61,500 and 62,000 in the near term [4]. - A breach of the resistance at 60,900 could trigger further upward movement, while a drop below 60,550 may lead to a decline towards the support band of 60,100-60,000 [4]. Trade Strategy - The recommendation is to maintain a long position on Nifty Bank futures initiated at an average level of 60,715, with plans to add longs if the contract slips to 60,580 [5]. - Stop-loss levels are set at 60,380, with adjustments to be made as the contract rises, and profits should be booked at 61,460 [5]. Support and Resistance Levels - Key support levels are identified at 60,550 and 60,400, while resistance levels are at 60,900 and 61,500 [6].

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]

Core Insights - The Nifty Bank index opened significantly higher at 61,411, up 2.7% from the previous close of 58,619, but is currently hovering around 60,200, indicating a struggle to maintain higher levels [1] - All 14 stocks in the Nifty Bank index are performing positively, with Axis Bank and IDFC First Bank leading the gains at 3.1% each [1] - Private banks are outperforming public sector banks, with the Nifty Private Bank index up 2.9% compared to the Nifty PSU Bank index, which is up 2.4% [2] Nifty Bank Futures - The February expiry Nifty Bank futures opened at 60,999, up 2.5% from the previous close of 58,843, and is currently trading at 60,320 [3] - The futures contract reached an intraday high of 61,299.80 but has since declined to 60,320, with support levels identified at 60,150 and 60,000 [3] - There is a likelihood that the Nifty Bank futures will struggle to surpass an intraday resistance level at 60,600, suggesting a range-bound session between 60,000 and 60,600 [4] Trade Strategy - It is advised to refrain from trading Nifty Bank futures as they are expected to remain within a specific price range [5] - Key support levels are at 60,150 and 60,000, while resistance levels are at 60,600 and 61,000 [5]

Market Overview - Nifty Bank index opened lower at 59,542, down 0.25% from the previous close of 59,958, currently hovering around 59,800 [1] - The advance-decline ratio is 6-8, indicating a slight bearish sentiment in the market [1] Performance of Banks - Union Bank of India is the top gainer, up 1%, followed by IDFC First Bank, which is up 0.6% [1] - Canara Bank is the top loser, down 1.4%, followed by Kotak Mahindra Bank, down 1.1% [1] - Nifty PSU Bank remains flat, while Nifty Private Bank is down 0.2%, indicating that public sector banks are outperforming private banks [2] Nifty Bank Futures - February expiry Nifty Bank futures opened lower at 60,050, down 0.25% from the previous close of 60,209, currently trading at 60,050 [3] - Initial decline was observed, but recovery is noted as support at 60,000 holds, suggesting an upward bias as long as this support remains valid [3] - Resistance is identified at 60,250, which may pose a challenge for upward movement [3] Future Projections - A rally from the current level of 60,150 could push Nifty Bank futures to 60,500 [4] - If the support at 60,000 is breached, a potential downswing could extend to 59,600 [4] Trading Strategy - Risk-averse traders are advised to stay out due to expected volatility ahead of the Budget announcement on February 1 [5] - Traders with higher risk tolerance can consider buying Nifty Bank futures at 60,050, with a target of 60,400 and a stop-loss at 59,800 [5] - Key support levels are at 60,000 and 59,800, while resistance levels are at 60,500 and 61,000 [5]

Core Viewpoint - The Nifty Bank index shows a positive trend with a gap-up opening and slight gains, indicating potential for further upward movement in the banking sector [1][4]. Group 1: Nifty Bank Index Performance - The Nifty Bank index opened at 59,576, up 0.4% from the previous close of 59,205, currently hovering around 59,400 [1]. - The advance-decline ratio is 6-8, indicating a slight bearish bias in the market [1]. - Yes Bank and Axis Bank are the top gainers, each up 1.8%, while IDFC First Bank and Canara Bank are the top losers, down 1.7% and 1.5% respectively [1]. Group 2: Sector Performance - The Nifty PSU Bank index has decreased by nearly 0.5%, while the Nifty Private Bank index has increased by 0.7%, showing that private banks are outperforming public sector banks [2]. Group 3: Nifty Bank Futures - The February expiry Nifty Bank futures opened higher at 59,880, up 0.25% from the previous close of 59,630, currently trading at 59,780 [3]. - Staying above the support level of 59,600 is viewed positively, with potential to rise to 60,500; however, slipping below this support could lead to a decline to 59,000 [3]. Group 4: Trading Strategy - A recommendation is made to buy Nifty Bank futures at 59,780, with a target of 60,500 and a stop-loss at 59,580 [5]. - Key support levels are identified at 59,600 and 59,000, while resistance levels are at 60,500 and 61,000 [5].

Core Viewpoint - The Nifty Bank index has shown a recovery after a gap-down opening, indicating a bullish sentiment in the market despite some volatility in intraday movements [1][4]. Group 1: Nifty Bank Index Performance - The Nifty Bank index opened at 58,366, down from Friday's close of 58,473, but has recovered to 58,750, reflecting a 0.5% increase [1]. - The advance-decline ratio is 9-5, suggesting a bullish bias in the market [1]. - Axis Bank is the biggest gainer, up 5.2%, while Kotak Mahindra Bank is the top loser, down 3.4% [1]. Group 2: Sector Performance - The Nifty PSU Bank index has gained nearly 0.9%, outperforming the Nifty Private Bank index, which is up 0.5% [2]. Group 3: Nifty Bank Futures - The January expiry Nifty Bank futures opened higher at 58,560 compared to last week's close of 58,523 and is currently trading at 58,750, up 0.4% [3]. - The support level is identified at 58,500, while resistance is noted at 59,000, which may limit further upside [3]. Group 4: Market Volatility and Strategy - The market has shown significant volatility, and the January contracts are set to expire today, leading to a lack of clarity regarding intraday movements [4]. - It is advised to refrain from initiating fresh trades due to the uncertain direction of the intraday trend [5].