Outlook of Bank Nifty Today

Bank Nifty Outlook:-

Equity markets have gained momentum in the last hour of trading and are hovering around the day’s high. Bank Nifty down 74 points to trade at 27641. However, the index rose 74 points from intraday lows to 27,008. Maximum losers were seen in HDFC Bank, ICICIBANK , and  AXISBANK, which rose between 2-1% each.

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Bank of India hits 7-month high on government fund infusion plan

Shares of Bank of India (BOI) hit a seven-month high of Rs 105, up 2% on the BSE in early morning trade, after state-owned bank Saturday said the government has decided to infuse Rs 100.86 billion in the bank as part of capital infusion. The stock was trading at its highest level since May 29, 2018.

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Bank Nifty Weekly View

The Nifty Bank index closed at 26,878.55, down 108.25 points on December 27. The important Pivot level, which will act as crucial support for the index, is placed at 26,735.83, followed by 26,593.07. On the upside, key resistance levels are placed at 27,130.63, followed by 27,382.67.

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NEXT WEEK NIFTY PREDICTION & CHARTS 24 DEC TO 28 DEC 2018

WEEKLY RESISTANCE FOR NIFTY: 10900, 11100, 11100

 PIVOT POINT: 10800

WEEKLY SUPPORT FOR NIFTY:  10700, 10600, 10500

WEEKLY CHART FOR NIFTY

it was a premature end of the “santa rally “. Today market was seems like bulls packing their bags for Christmas vacation. We have seen a pre-Santa Claus rally in the sense that last seven or eight sessions, the indices have run up from the lows. From Thursday onward, we have seen some sort of correction and that correction is of that earlier upmove. Market is reverting to mean after outperforming for several days also Rumors about govt giving sweeping powers to 10 agencies for surveillance & Unwinding ahead of year-end holidays; investors taking profit off in view of global uncertainties. on week ended friday  Sensex tanks over 700 points, Nifty came below 10,750 mark.

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Outlook of Bank Nifty Today

Bank Nifty Outlook:-

The Indian equity markets witnessed a strong recovery despite opening gap down today. Bank Nifty too witnessed a strong recovery and ended the weekly expiry just 17 points lower at 27340.50 after hitting an intraday low of 27155.

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Outlook of Bank Nifty Today

Bank Nifty Outlook:-

Reversing the early losses, Bank Nifty closed in the positive territory led by buying in PSU Banks as Index closed more than 1 percent. Bank Nifty Futures continued to add fresh long positions in the December series.

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