Today BANK NIFTY News Letter

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Bank Nifty Outlook



As the markets open on the last trading day of the week, the Nifty Bank surged as much as 2% achieving lifetime high of 25,902.50 after the Moody’s upgraded the sovereign credit rating of India. PSU Banking stocks like Punjab National Bank, Bank of Baroda and Canara Bank gained more than 3% in the initial hours of the market session. Private Banks like ICICI Bank, Yes Bank, and Axis Bank gained more than 2% accelerating Nifty Bank to new 52 week high.

Bank Nifty Trends
   R1
25895
R2
26068
S1
25540
S2
25375


Technical Outlook




Bank Nifty Friday Losers
ICICIBANK
325.10
1.93%
INDUSINDBK
1631.90
1.75%
YESBANK
306.10
1.59%


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