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%


To Get Free Trial in Bank Nifty Tips

·       Missed call +91 882-211-7117
·       Join Us on Whatsapp – 8602780449
·       Mail Us - starindiamarket@gmail.com

Comments

Popular posts from this blog

Outlook Of Nifty/bank nifty today

Market Now: BSE Oil & Gas index down 3%; Petronet LNG, HPCL crack 4%

बाजार की तेज शुरुआत, सेंसेक्स 113 अंक बढ़ा, निफ्टी 10200 के पार खुला