Nifty Bank Prediction Today – May 19, 2025: Index stays in a narrow band

Nifty Bank index opened today’s session slightly lower at 55,326 versus Friday’s close of 55,355. It inched up after opening and is currently hovering around 55,400, up 0.1 per cent.

The advance/decline ratio stands at 8/4. Punjab National Bank (up 0.8 per cent) is the top gainer followed by AU Small Finance Bank (up 0.6 per cent).

At the other end, the top losers are IndusInd Bank and Axis Bank, down 0.3 per cent and 0.2 per cent, respectively.

Nifty PSU Bank has gained 0.4 per cent so far today, whereas Nifty Private Bank is flat. So, the public sector banks are broadly outperforming their private peers.

Nifty Bank futures 

Nifty Bank futures (May) opened today’s session at 55,536 against Friday’s close of 55,503. It is now trading at 55,500.

The chart shows that the price band of 55,500-55,650 is resisting the bulls from lifting the contract higher. While Nifty Bank futures was not able to perform a breakout, it did not fall either. It is now trading in a narrow band.

In case the buyers can push Nifty Bank futures above 55,650, we can see another leg of uptrend. The nearest resistance above 55,650 can be seen at 56,000 with the subsequent hurdle at 56,200.

On the other hand, if the contract falls off the resistance band of 55,500-55,650, it can decline to 55,000 and 54,700. A breach of the support at 54,700 can drag Nifty Bank futures to 53,650. A breach of this can turn the near-term trend bearish.

Overall, as it stands, there is no clarity with respect to the intraday movement of Nifty Bank futures.

Trade strategy

Buy Nifty Bank futures (May) if it breaks out of 55,650. Target and stop-loss can be 56,200 and 55,400, respectively.

Supports: 55,000 and 54,700

Resistances: 56,000 and 56,200

Published on May 19, 2025