Bank Nifty Tips | Bank Nifty Outlook
Bank Nifty Outlook
Nifty Bank:
Ongoing rally likely to continue unless index remains above 25650. Post
approaching the highest Call base of 26000 last week, the index witnessed
profit booking and consolidated in a narrow and tight band amid high
volatility. Throughout the week, the index witnessed a decent support near
25,650 whereas a decline in Put option premium of 25,700 strike and additions
in the open interest is indicating major writing, which is likely to provide
cushion going forward.
Bank Nifty Trends
|
|
R1
|
25885
|
R2
|
26045
|
S1
|
25648
|
S2
|
25416
|
Technical Outlook
Bank Nifty Friday Losers
|
||
INDUSINDBK
|
32.95
|
2.01%
|
KOTAKBANK
|
1030.35
|
0.81%
|
HDFCBANK
|
1851.40
|
0.46%
|
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