Bank nifty all time high

Synopsis ​​Analysts are, however, divided whether the index can continue its momentum after gaining almost 13% since March 15. Some expect the benchmark to extend its record-breaking run, while others fear the rally could fizzle out. If there is a sell-off in bank counters, they advise buying stocks such as SBI, Kotak Mahindra Bank, ICICI, Axis Bank, and IDFC First Bank. SUDEEP SHAH Head - Technical and Derivative Research, SBI Securities As the index is trading at an all-time high, it is trading above its short and long-term moving averages, with the momentum indicators and oscillators also suggesting strong momentum ahead. These technical factors indicate further bullish momentum in the index. Hence, we recommend adopting the buy-on-dips strategy. The zone of 43,600-43,500 will likely provide the cushion in case of immediate decline. Till the support level holds, the index is likely to test the level of 44,600, followed by the psychological level of 45,000 in the short term. Bank Nifty has strong support at 43,000-42,500, and the rally can extend towards 44,500-45,000. Bank Nifty May futures has witnessed an increase in total open interest by 17%, with price gain, suggesting a long build-up which further augments to the bullish view. Traders can buy with appropriate risk-reward ratio. Investors can focus on stocks like AU Bank, ICICI, SBI, IDFC First, and IndusInd which have given good breakouts on monthly charts DHARMESH SHAH Head – Technical Research, ICICI Securities ...

In line with market expectations, the Reserve Bank of India (RBI) kept the repo rate unchanged at 6.50 percent in its June monetary policy announcement on Thursday. Indian equity markets were largely steady after the RBI policy outcome. Both Sensex and Nifty 50 were up around 0.25 percent each at 63,290.28 points and 18,768.50 points, respectively. Meanwhile, banking gauge Nifty Bank gained about 160 points and the index was just 60 points away from an all-time high of 44,498.

Access historical data for Bank Nifty free of charge. You will find the closing price, open, high, low, change and percentage change for the selected range of dates. The data can be viewed in daily, weekly or monthly time intervals. At the foot of the table you'll find the data summary for the selected range of dates. Chg% Jun 15, 2023 43,443.60 44,058.25 44,058.25 43,401.10 228.02K -1.24% Jun 14, 2023 43,988.00 44,181.65 44,212.35 43,956.15 154.60M -0.21% Jun 13, 2023 44,079.85 43,889.70 44,138.15 43,889.70 160.04M 0.31% Jun 12, 2023 43,944.20 44,035.20 44,124.95 43,874.05 91.41M -0.10% Jun 09, 2023 43,989.00 44,045.75 44,220.10 43,932.60 132.31M -0.01% Jun 08, 2023 43,995.25 44,208.30 44,459.25 43,917.90 160.16M -0.63% Jun 07, 2023 44,275.30 44,318.70 44,346.30 44,143.50 119.22M 0.25% Jun 06, 2023 44,164.55 44,156.70 44,236.20 44,009.70 123.56M 0.14% Jun 05, 2023 44,101.65 44,103.25 44,266.15 44,074.20 124.51M 0.37% Jun 02, 2023 43,937.85 43,997.30 44,088.90 43,812.55 123.85M 0.34% Jun 01, 2023 43,790.20 44,172.05 44,179.95 43,706.15 182.95M -0.77% May 31, 2023 44,128.15 44,318.00 44,339.05 43,822.70 305.74M -0.69% May 30, 2023 44,436.35 44,277.35 44,498.60 44,207.50 157.59M 0.28% May 29, 2023 44,311.90 44,276.80 44,483.35 44,193.95 148.58M 0.67% May 26, 2023 44,018.00 43,765.35 44,067.60 43,588.80 143.22M 0.77% May 25, 2023 43,681.40 43,630.25 43,719.85 43,390.30 170.19M 0.01% May 24, 2023 43,677.85 43,751.95 44,010.45 43,639.80 148.63M -0.63% May 23, 2023 43,954.45 43,...

Finally, the Nifty50 has seen a consolidation breakout and closed above 18,700 for the first time in the current calendar year, on June 7, ahead of the outcome of a three-day policy meeting by the RBI Monetary Policy Committee and weekly expiry due on June 8. The benchmark index has seen a gap up opening at 18,666 after five-day consolidation and gradually extended its upward journey as the day progressed to hit a day's high of 18,739 in late trade. The index jumped 127 points to 18,726, the highest closing level since December 1, the day of an all-time high. The Nifty50 has formed a bullish candlestick pattern on the daily charts making higher high and higher low formations after the Doji pattern in the previous session, with better volumes compared to the previous day. Hence, the next hurdle to watch out for would be 18,800 and if the said level takes out, the record high can't be ruled out in coming sessions, with immediate support at 18,650, then at 18,500 levels, experts said. Now the Nifty is 160 points away from its all-time high of 18,887. "Nifty clearing the important resistance level of 18,650 may intensify the positive momentum. A bullish candle is on and a higher bottom formation clearly indicates further uptrend from the current levels," Shrikant Chouhan, Head of Equity Research (Retail) at Kotak Securities said. For the breakout traders now, 18,650 would be the key support level to watch out for, above which, the market could rally till 18,800-18,875, he feel...

Stock Market Today, Nifty, Bank Nifty: Benchmark indices NSE Nifty 50 and BSE Sensex may trade higher today amid positive global cues. The Nifty futures on the Singapore Exchange (SGX) traded 44 points or 0.24% higher at 18,829.5 in today’s early morning trade. Asian markets were trading in green – Hong Kong’s Hang Seng rose 0.44%, China’s Shanghai Composite index gained 0.38%, Asia Dow jumped 0.68% and Japan’s Nikkei 225 surged 1%. The US market ended the overnight session in green after the CPI inflation eased to 4% in May from 4.9% in April – Dow Jones Industrial Average (DJIA) rose 0.43%, S&P 500 gained 0.69% and the tech-heavy Nasdaq climbed 0.83%. On Tuesday, Nifty 50 surged by 118 points, closing at 18,716, while Sensex experienced a 0.67% increase, settling at 63,143. Nifty Realty shined in trade, recording gains of 3.06%, with Nifty Media rising 1.7%, Nifty Pharma adding 1.12% and Nifty FMCG adding 1.36%. In the broader markets, Nifty Midcap 100 jumped 1.22% while Nifty Smallcap surged 0.7%. NSE Nifty 50 Outlook Nifty faces major hurdles at its all-time-high at 18888 mark “Nifty’s biggest support to watch for today’s session is placed at the 18557 mark. On the upside, the index faces major hurdles at its all-time-high at the 18888 mark,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd. Nifty resistance levels are seen at 18800/18900 “Nifty is currently maintaining a position above the critical moving average, which is a key level of support. Additio...

Stock Market Today: Nifty Bank – NSE index comprised of the most liquid and large capitalised Indian banking stocks– on account of strong Q4 results by Bank Nifty majors like HDFC Bank, ICICI Bank, Kotak Mahindra Bank, AU Bank, Federal Bank, etc., Indian bulls finally managed to hit 44,000 levels for the first time since December 2022. On reasons for rally in Bank Nifty today, Ravi Singhal, CEO at GCL Broking said, “After strong fourth quarter results of major contributors in Nifty Bank index, there is buzz in the markets that slowdown in economy is a bluff and demand and growth theme is still intact with the national economy. At the time of filing this report, the index was trading at 44,501.50. Prior to this, Nifty Bank recorded a lifetime high at 44151.80 level on December 14, 2022, and earlier this year, the index had touched its all-time low of 38613.15 on March 16, 2023. After Nifty Bank index breaching its 44,000 hurdle, speculations are rife about whether it would be able to climb a new peak surpassing its current life-time high of 44,151.80 levels. Santosh Meena, Head of Research, Swastika Investmart Ltd., said: “Banknifty index has been demonstrating strong leadership and is expected to reach a new all-time high. However, it is important to acknowledge the possibility of profit booking at this level." Bank Nifty could touch all-time highs “Bank Nifty bulls continued to hold their long positions and the intraday dip was utilized to maintain strength. The immediate...

People Also Read: Get free historical data for Bank Nifty. You'll find the closing price, open, high, low, change and %change for the selected range of dates. How to NIFTY BANK Stock Price, Nifty Bank Market Indices, Nifty Bank Get information on the NIFTY BANK Spot, Futures and Options. Future contracts, charts, technical analysis, compare performance with other indices/stocks and more. Since early November, the Nifty Bank Index has scaled record highs and has now surpassed the 44,000-mark. Bank Nifty Hits Frsh All-Time High, Tops 44,000; What. In last ten sessions, the BSE Senex has surged amst 5 per cent, while Nifty 50 has spiked 5 per cent. This big rally, in fewer sessions, has restored the.