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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