Bank Nifty Market View

Bank Nifty View

Bank Nifty on the other hand has been an outperformer during the week. The index has formed a bullish morning star pattern while on the weekly chart the index has also formed a Hammer candle pattern indicating short term reversal is on the cards.

Weekly Chart

chart.PNG

To Get Free Trial
Missed call @ 8817002233 
Call Us @ 9893024247
Mail Us = starindiamarketresearch@gmail.com
Visit = https://www.starindiaresearch.com/freetrial

Advertisements

Outlook of Bank Nifty Today

Bank Nifty Outlook:-

Bank Nifty managed to hold multiple supports of 30,600 and witnessed a strong recovery of 400 points towards 31,000. The index closed 10.40 points higher at 30,976.10 and formed a Hammer candle near the lower band of the trading range. The pattern indicates support based buying and now it has to hold above 31,000 to witness an upmove towards 31,313 then31,500 while on the downside major supports exists at 30,750 then 30,600,

Bank Nifty Future Support-Resistance
R1/R2 31178/31347
S1/S2 30753/30496

 Daily Chart:

chart.PNG

To Get Free Trial 
Missed call @ 8817002233 
Call Us @ 9893024247
Mail Us = starindiamarketresearch@gmail.com
Visit = https://www.starindiaresearch.com/freetrial

Outlook of Nifty Today

Nifty Outlook:-

Nifty witnessed panic buying in the closing hour of the trade dhfl  , mothersumi , rnaval , tatasteel  were the top gainers on the Nifty, while losers were PC ibulhsgfin  , suzlon , rel capital  , biocon . Nifty closed above 20 DMA on daily charts which indicates SELLING  can be seen in coming session.

Nifty Future Support-Resistance
R1/R2 11900 /12000
S1/S2 11800/11700

Daily Chart:

chart.PNG

To Get Free Trial 
Missed call @ 8817002233 
Call Us @ 9893024247
Mail Us = starindiamarketresearch@gmail.com
Visit = https://www.starindiaresearch.com/freetrial

Outlook of Bank Nifty Today

Bank Nifty Outlook:-

Nifty Bank surge in the last hour of trading session but didn’t able to surpass 30150 mark as well closed below 20 DMA dhfl  , mothersumi , rnaval , tatasteel  were the top gainers on the Nifty, while losers were PC ibulhsgfin  , suzlon , rel capital  , biocon.

Bank Nifty Future Support-Resistance
R1/R2 31000/31100
S1/S2 30800/30700

Daily Chart:

chart.PNG

To Get Free Trial 
Missed call @ 8817002233 
Call Us @ 9893024247
Mail Us = starindiamarketresearch@gmail.com
Visit = https://www.starindiaresearch.com/freetrial

Outlook of Bank Nifty Today

Bank Nifty Outlook:-

The Nifty Bank index was trading 0.37 per cent up at 31,411.25 around 10:58 am. Bank shares were trading in the positive zone in Thursday’s session. Shares of YES Bank (up 1.58 per cent), Punjab National Bank (up 0.92 per cent), Kotak Mahindra BankNSE 1.42 % (up 0.57 per cent) and HDFC Bank (up 0.57 per cent) were the top performers in the index.

Bank Nifty Future Support-Resistance
R1/R2 31703/31868
S1/S2 31311/31084

Daily Chart:

chart.PNG

To Get Free Trial 
Missed call @ 8817002233 
Call Us @ 9893024247
Mail Us = starindiamarketresearch@gmail.com
Visit = https://www.starindiaresearch.com/freetrial

 

Outlook Bank Nifty Today

Bank Nifty Outlook:-

Although Niftybank breached trend line level in daily chart, the index holds strong a support of the 200 DMA located at 31300 levels. It is decisively trading above the same average from mid-November last year. The immediate resistance comes at 31600 level, its 50 DMA. The Bearish Engulfing Candlestick pattern suggests any breach of 31300 levels may further trigger a fall to its support of 29500 levels.

Bank Nifty Future Support-Resistance
R1/R2 31600/31750
S1/S2 31300/31200

Daily Chart:

chart

To Get Free Trial 
Missed call @ 8817002233 
Call Us @ 9893024247
Mail Us = starindiamarketresearch@gmail.com
Visit = https://www.starindiaresearch.com/freetrial

Outlook of Bank Nifty Today

Bank Nifty Outlook:-

Bank Nifty closed negative 451 points and closed lower -1.47% down at 30308.40, major private banks and psu banks closed lower from previous highs. Bank nifty is looking weak on charts and facing strong resistance at 31000 levels. We may see some more selling in coming trading sessions , so we advice selling on rise in bank nifty near 30750 for the targets of 30200 and 29850 levels .

Bank Nifty Future Support-Resistance
R1/R2 30750/31000
S1/S2 30200/29850

Daily Chart:

chart.PNG

To Get Free Trial 
Missed call @ 8817002233 
Call Us @ 9893024247
Mail Us = starindiamarketresearch@gmail.com
Visit = https://www.starindiaresearch.com/freetrial