At 02:05 PM, the Nifty Private Bank index was the top loser among financial sector indices, down 2.4 per cent as compared to 0.52 per cent decline in the Nifty 50
The Nifty Bank Index is currently range-bound between the levels of 51,375 and 51,175. A breakout or breakdown from this range will likely trigger momentum in the respective direction.
The Nifty PSU Banks Index is currently range-bound, oscillating between the levels of 7,090 and 6,910. This indicates a phase of consolidation, where the index lacks clear direction
Technical indicators such as MACD (Moving Average Convergence Divergence) and Moving Averages also support the expectation that the index will outperform in the near term
The Nifty PSU Banks Index is currently experiencing a downward trend in the near term. However, the index has recently undergone a sharp correction, bringing it very close to critical support levels a
The Nifty Pvt Banks Index is currently trading within a defined range of 25,900 to 25,400. A close above or below this range would act as a trigger for a directional move.
The Nifty Private Banks Index is currently positioned to attract profit booking on any rise, making a sell-on-rise strategy the most suitable approach for traders
Shares of RBL Bank, IndusInd Bank, Bandhan Bank, and City Union Bank surged by 7.2 per cent, 6.7 per cent, 6.6 per cent and 6.4 per cent, respectively in intraday deals
IT Index is trading at 33,880.85 and is currently exhibiting a range-bound pattern on the charts. The defined range for this index lies between 34,300 and 32,700
The Nifty Bank Index, currently trading at an unspecified price, has experienced a sharp correction on the charts recently. However, there are indications of a potential technical bounce in the near
Bank Nifty hit a new all-time high on Monday led by a rally in ICICI Bank post inline Q4 results. Analysts upbeat on future prospects of the private sector bank.
