The Nifty Bank index has displayed greater strength compared to the benchmark Nifty index. On the daily chart, the index has broken out of its inside bar range, signaling a shift in trend.
Sumeet Bagadia, Executive Director at Choice Broking said traders can adopt 'Sell on rise' strategy for Nifty Bank this week, as the index is sending strong bearish signals on the weekly chart.
The Bank Nifty climbed above the 10-week EMA as well as the 20-week SMA; hence, the immediate target may be 52,000, followed by 52,500 (the midpoint of the Bollinger Band on daily charts).
Learn more about his take on key support and resistance levels for the Nifty and the Nifty Bank, and how he views the market. Here is what Zee Business Managing Editor Anil Singhvi makes of the market ...
Involves transaction of at least 0.5% of the listed shares of a company. Edelweiss Nifty Bank ETF share price was down by 0.00% from the previous closing price of ₹51.80. Who are peers of ...
BSE Sensex closed at 81,973.05, a gain of 0.73%. The Bank Nifty at 51,816.90, ended higher by more than 1%, while realty and IT stocks also saw decent gains. Metals and energy sectors, however ...
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all ...
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all ...
Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. International ...
Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. International ...
How is the Nifty 50 index computed? The Nifty 50 index is computed using the free float market capitalisation-weighted method. Here's a simplified explanation of how it works: Selection of Stocks ...