Home / Markets / News / Bank Nifty likely to outperform Nifty in the coming days, says Nilesh Jain

Bank Nifty likely to outperform Nifty in the coming days, says Nilesh Jain

A fresh put writing at 24,000 strike indicates that put writers are shifting the base higher and we might see further upside move on the back of a short-covering rally

Premium

The momentum indicators and oscillators are also very much in the buy mode

Nilesh Jain Mumbai

3 min read Last Updated : Oct 20 2020 | 8:02 AM IST

BUY BANK NIFTY | TARGET: 24,800 | STOP LOSS: 23,800

The Bank Nifty index outperformed in the previous trading session and formed a bullish candle on the daily chart. It has surpassed its previous double top pattern at 24,200 levels which hints of a fresh momentum on the higher side. A fresh put writing at 24,000 strike indicates that put writers are shifting the base higher and we might see further upside move on the back of a short-covering rally in the coming days. The momentum indicators and oscillators are also very much in the buy mode on the daily as

Topics : Stock calls Market technicals Nifty Bank index Markets Pidilite Industries HCL Technologies Muthoot Finance

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in