NIFTY BANK RISES TODAY
Nifty Bank reclaims 52,500; next resistance is placed at 53,000: Experts
The banking index closed above its crucial resistance level of 52,500, The next big resistance is placed at 53,000, suggested experts. AU Small Finance Bank, ICICI Bank, Bandhan Bank, and HDFC Bank saw buying action, while PNB, SBI, Bank of Baroda and IDFC First Bank saw selling pressure.
Banking stocks lift Sensex, Nifty to new heights in July opening
D-Sreet closed on a positive note on Monday, with the S&P BSE Sensex gaining 443.46 points to settle at 79,476.19. The broader Nifty index also rose, adding 131.35 points to close at 24,141.95. The banking sector showed particular strength, with the banking gauge up by 0.44%. Tech Mahindra, Wipro, Bajaj Finance, Grasim Industries, and UltraTech Cement were among the top gainers, while NTPC, Eicher Motors, Apollo Hospitals Enterprise, SBI, and Dr. Reddy's Laboratories experienced declines. Market capitalisation of all the BSE listed companies increased by Rs 344,798 crore.
Nifty Bank sees profit-booking; 52,000 likely to act as support: Experts
Nifty Bank slides to 52,342, experts predict 52,000 support level amid consolidation. PSU banks gain, while private banks face selling pressure. Nifty50 holds 24K mark despite 33 point dip.
Nifty Bank climbs Mt 53K; here are important levels to track on Friday
The index hit a record high of 53,180, but pared most of the intraday gains and ended with a loss of 59 points at 52,811. IndusInd Bank, Axis Bank and Kotak Mahindra Bank were among top gainers while selling was seen in IDFC First Bank, Bandhan Bank, AU Small Finance Bank and PNB.
D-St smashes records yet again: Sensex zooms 621 pts, Nifty scales 23,869 on RIL, ICICI Bank rally
Of the 16 sectoral indices on the NSE, 9 ended in the green with the Nifty Oil & Gas index ending up as the top performing index with 1.4% gains. It was followed by Nifty Private Bank index and Nifty Bank. Among the laggards were Nifty Auto, Nifty Metal and Nifty Consumer Durables which fell up to nearly 1%.
Nifty Bank hits fresh record highs; here are key levels to track on Thursday
The banking index continued on its upward trajectory stopping at a kissing distance from the 53,000 mark. Fresh call writing is visible at this level. According to experts, the undertone remained bullish, and a buy-on-dip approach is advisable with immediate strong support at the 52,500-52,400 level.
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F&O stocks to buy today: ICICI Bank, HDFC among top 9 trading ideas for 26 June 2024
Regarding options trading, the highest Call Open Interest (OI) is concentrated at the 24,000 and 23,600 strikes, while the highest Put OI is positioned at the 23,000 and 23,500 strikes.Call writing activities are observed at the 23,900 and 23,700 strikes, whereas Put writing is evident at the 23,400 and 23,500 strikes.
Nifty Bank hits fresh record high; next target seen at 53000: Experts
The Nifty Bank surpassed its crucial resistance levels to hit a fresh record high above 52,700 levels for the first time. Experts suggest that if the current banking-led momentum persists, the rally could potentially push the Nifty towards 53,000. Top gainers included SBI, HDFC Bank, ICICI Bank, and Axis Bank while selling was seen in Bank of Baroda, PNB, and Bandhan Bank.
Banking euphoria catapults Sensex past 78K milestone, lifts Nifty to record peak of 23,721
The performance across Nifty sectoral indices was mixed, with 6 out of 16 indices showing gains. Notable performers included Nifty Financial Services, Nifty IT, and Nifty PSU Bank. Conversely, sectors such as Nifty Auto, Nifty FMCG, and Nifty Metal faced declines. In the broader markets, the Nifty Midcap 100 dropped by 0.45% to 55,324.45, while the Nifty Smallcap 100 saw an increase of 0.21%, reaching 18,255.10.
F&O stocks to buy today: SBI, ICICI Bank among top 9 trading ideas for 25 June 2024
“Options data suggests a broader trading range in between 23200 to 24000 zones while an immediate range between 23300 to 23700 levels,” says Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited.
Auto & FMCG stocks offer support as Sensex settles 131 points higher; Nifty tops 23,500
Investors traded cautiously amid sectoral swings. Sensex closed around 77,341, Nifty sealed the day at 23,538. Sectorally, the gains were led by auto stocks, whose index was up nearly 0.9% and the FMCG pack, which rose around 0.72%. The Nifty IT, metal, PSU bank and pharma indices spoiled the market mood.
Nifty Bank rallies nearly 400 points; here are key levels to track on Friday
The bank index witnessed mild profit taking at higher levels. This mirrors the broader trend. The index settled at 51,783. Bandhan Bank, Federal Bank, IDFC First Bank and ICICI Bank contributed majorly to the gains. SBI and IndusInd Bank saw selling pressure.
Bulls Charge Ahead: Investors reap over ₹1 L cr as Sensex, Nifty hit new highs
The 30-share BSE Sensex rose 141 points to settle at 77,479. The broader NSE Nifty gained 51 points to end at 23,567. From the Sensex pack, JSW Steel, Tata Steel, ICICI Bank, Reliance Industries, and Kotak Mahindra Bank emerged as the top gainers, each rising over 1%. Conversely, Sun Pharma, M&M, NTPC, SBI, and Wipro were the top laggards. The Nifty Pharma index fell by 0.5%, primarily due to a 2.2% drop in heavyweight Sun Pharma's shares after its Dadra facility received a warning letter from the US drug regulator.
Nifty Bank hits fresh record highs! Here are key levels to track on Thursday
Nifty Bank hit a fresh record high at 51,398 on Wednesday. IndusInd Bank, ICICI Bank, HDFC Bank and Axis Bank were among top gains while AU Small Finance Bank and Bank of Baroda saw selling pressure. Though it inched closer to 52,000 in intraday trade, it failed to hold the momentum. The crucial support is placed at 51,000.
Bulls take control of Nifty Bank; next target seen at 51,000: Experts
The Nifty Bank rallied for the second day in a row on Tuesday and pushed the index above critical resistance of 50,250. The index closed 438 points higher at 50,440. ICICI Bank, Bandhan Bank, and IDFC First Bank saw buying action with gains of 1-4% respectively while selling was seen in PNB, which closed flat but with a negative bias
Nifty Bank closes above 50K; next target seen around 51000: Experts
Nifty Bank concluded the volatile week above 50K with weekly gains of 0.4%. It managed to recoup losses, leaving the bulls content. From the index, Federal Bank, Bank of Baroda and PNB saw buying activity and closed with gains of over 1% each. Selling was seen in SBI, IndusInd Bank and AU Small Finance Bank.
A breakout above 50,200 required for bulls to take control of Nifty Bank: Experts
The index closed with a negative bias at 49,846. Counters like IndusInd Bank, SBI, Kotak Bank and HDFC Bank saw strong buying action, while selling was seen in Federal Bank, ICICI Bank, Axis Bank and Bandhan Bank.
Nifty Bank snaps 2-day losing streak; fails to close above 50,000
Even as it closed in the green on Wednesday, Nifty bank index failed to hold 50,000 level – a crucial resistance. A close above the same may add momentum, suggested experts. SBI, PNB, Bank of Baroda and Federal Bank led gains while ICICI Bank, Axis Bank, Bandhan Bank and AU Small Finance Bank saw selling pressure
A close above 50,000 could fuel short covering in Nifty Bank: Experts
The Nifty Bank could recover losses on Tuesday, breaching the 49,700 mark. If it succeeds to settle above 50,000, there might be chances of a short covering move in the index. AU Small Finance Bank, SBI, PNB and Federal Bank saw buying action while some selling was seen in Axis Bank, ICICI Bank, Bank of Baroda and Kotak Mahindra Bank.
Nifty Bank fails to hold 50,000; next support placed at 49,320: Experts
Snapping a 3-day winning streak, Nifty Bank fell 22 points to close at 49,780 on Monday. Nifty 50, on the other hand, was down over 30 points to close at 23,259. SBI, PNB, Bandhan Bank, Axis Bank and Bank of Baroda saw good buying while selling was seen in IDFC First Bank, IndusInd Bank, Kotak Bank and HDFC Bank.
Nifty Bank closes flat for the week; all eyes on 50,000 in June series: Experts
The bank index rose over 300 points on Friday. Top gainers included Federal Bank, Bandhan Bank, PNB and AU Small Finance Bank. The bank index witnessed a strong price action for the second day in a row but failed to close above the 49,000 support zone.
Nifty Bank outperforms; short-covering likely on a close above 49,000: Experts
The index had a small tryst with 49K. This was also a crucial resistance level for the index. A close above the same is likely to trigger a short covering move in the index. The index rose 0.4% in the May series and the first 15 days of the June series may remain volatile.
Nifty Bank holds 49000; experts suggest buy-on-dips strategy
Nifty Bank fell on profit booking at higher levels. The index fell 139 points to close at 49,142. Though it opened higher and quickly touched 49,500, the momentum fizzled owing to selling pressure. HDFC Bank, AU Small Finance Bank and Bandhan Bank gained.
Nifty Bank rallies 1.6%; short covering may take index to 49,500 next week: Experts
Even after making a decent rally in the week ended May 24, Nifty Bank failed to settle above 49K. It rose over 200 points on Friday. Nifty50, too, failed to stay at the peak and descended to end with a negative bias. HDFC Bank topped the chart of gainers, followed by Axis Bank, Federal Bank and AU Small Finance Bank.
Nifty Bank holds 48000; important levels to track on Wednesday
Nifty Bank snapped 3-day gains, fell 151 points to close in the red. Bandhan Bank, Bank of Baroda and SBI were among the top gainers from the index. The index held above the 50-DMA on the daily chart. The momentum could take it towards 48,400-48,500 levels.
Nifty Bank reclaims 48,100 level; what investors should do next
Nifty Bank index breached 48,000 mark after 6 trading sessions. The index rallied 138 points. HDFC Bank, SBI, Bandhan Bank were among top gainers. The index gained over 1% despite volatility, which is a positive sign for the bulls.
A close above 48K would take Nifty Bank index towards 48,500 levels: Experts
Nifty Bank ended higher for the third straight day and settled at 47,859, up 105 points. SBI, IndusInd Bank, Federal Bank and PNB gained over 1% each. While selling pressure was seen in CICI Bank and Axis Bank.
Nifty Bank closes above 48400 level; SBI, ICICI Bank hit fresh 52-week highs
SBI rallied over 5% to hit a fresh 52-week high while ICICI Bank also closed with gains of over 1% to hit a fresh high. Axis Bank closed with gains of 6% after the private sector lender reported March quarter numbers on Wednesday, which exceeded Street expectations.
Nifty Bank fails to close above 48K; use dips as buying opportunity: Experts
IDFC First Bank, ICICI Bank, SBI, and Bandhan Bank were among the top gainers while selling was seen in PNB, IndusInd Bank, HDFC Bank, and Bank of Baroda. The bank index is facing some pressure around 48,000 but experts suggest that the trend is still on the upside. Hence, traders can use dips to go long.
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