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]

Core Insights - The Nifty Bank index opened slightly lower but has shown a recovery, currently up 0.7% at 56,600, indicating a bullish market sentiment [1] - Public sector banks are outperforming private banks, with the Nifty PSU Bank up 1.8% compared to a 0.9% gain in the Nifty Private Bank [2] - Nifty Bank futures have resumed an uptrend, currently trading at 56,825, with potential resistance levels at 57,000 and 57,200 [3] Market Performance - The advance/decline ratio is strong at 11/1, highlighting a bullish bias in the market [1] - Punjab National Bank and State Bank of India are the top gainers, with increases of 2.1% and 2% respectively [1] - A U Small Finance Bank is the only stock in the Nifty Bank index showing a decline, down 0.1% [1] Futures Analysis - The October futures for the Nifty Bank index started at 56,398 and are currently at 56,825, indicating a positive trend [3] - A breakout above 57,000 could lead to further gains, potentially reaching 57,200 [3] - Support levels for the futures are identified at 56,800 and 56,500, with a low likelihood of falling below 56,600 today [4] Trading Strategy - Long positions on Nifty Bank futures initiated at 56,200 should be retained, with a revised stop-loss increased to 56,500 [5] - Profit booking is recommended at the 57,000 level [5] - Key support and resistance levels are established at 56,800, 56,500, 57,000, and 57,200 [5]

Group 1 - Nifty Bank index opened at 54,654, currently at 54,888, up 0.5% from the previous close of 54,636 [1] - The advance/decline ratio is 5/7, indicating a slight bearish bias, with Kotak Mahindra Bank as the top gainer at 1.7% and IDFC First Bank leading the decline at 1.1% [1] - Nifty PSU Bank has decreased by nearly 0.2%, while Nifty Private Bank has increased by 0.6%, showing private banks outperforming public sector banks [2] Group 2 - Nifty Bank futures opened at 55,100, currently trading at 55,200, up nearly 0.4% from the previous close of 55,012 [3] - The futures have broken out of a resistance at 55,150, indicating a bullish trend with potential to rally to 55,500 [3][4] - If the futures drop below the support level of 55,150, it could lead to a trend reversal, potentially dragging the contract down to 54,850 [4] Group 3 - Trade strategy suggests buying Nifty Bank futures at 55,200, with a target of 55,500 and a stop-loss at 55,050 [5] - Supports are identified at 55,150 and 54,850, while resistances are at 55,500 and 55,750 [5]

Core Insights - Nifty Bank index opened at 55,797, showing a gap-up from the previous close of 55,493, currently hovering around 55,775, reflecting a 0.5% increase [1] - The advance/decline ratio indicates a strong bearish bias at 11/1, with Bank of Baroda being the top gainer at 2.15%, while State Bank of India is the only stock in the red, down 0.1% [1] Nifty Bank Futures - September futures for Nifty Bank index started higher at 55,900 compared to the previous close of 55,700, currently trading at 55,940, up 0.4% [3] - The 50-day moving average is at 56,000, with potential temporary declines to support levels of 55,800 and 55,650, with expectations of a rebound from these levels [3][4] - A rally past 56,000 could push the contract to 56,350 and 56,800 [3] Trade Strategy - Recommendation to buy Nifty Bank futures at 55,940 and on dips to 55,800, with targets set at 56,350 and a stop-loss at 55,600 [5] - Support levels identified at 55,800 and 55,650, while resistance levels are at 56,350 and 56,800 [5]

Core Viewpoint - The Nifty Bank index shows a bullish trend with a gap-up opening and positive performance from public sector banks compared to private banks [1][2]. Group 1: Nifty Bank Index Performance - The Nifty Bank index opened at 54,555, up 0.6% from the previous close of 54,216, and is currently hovering around 54,520 [1]. - The advance/decline ratio is 10/2, indicating a strong bullish sentiment in the market [1]. - Canara Bank and Punjab National Bank are the top gainers, with increases of 1.8% and nearly 1.7%, respectively [1]. Group 2: Nifty PSU and Private Bank Performance - The Nifty PSU Bank index has risen nearly 1.7%, while the Nifty Private Bank index has gained 0.7%, showing that public sector banks are outperforming private banks [2]. Group 3: Nifty Bank Futures - The September futures of the Nifty Bank index opened higher at 54,730, up 0.6% from the previous close of 54,468, and is currently trading at 54,760 [3]. - The price action indicates a bullish tilt, with resistance levels at 55,000 and 55,350 [4]. Group 4: Trade Strategy - A buy recommendation for Nifty Bank futures at 54,760 with a stop-loss at 54,500 is suggested, with profit booking at 55,350 [5]. - Supports are identified at 54,650 and 54,500, while resistances are at 55,000 and 55,350 [5].