UrbanPro
true

Learn Stock Market Investing from the Best Tutors

  • Affordable fees
  • 1-1 or Group class
  • Flexible Timings
  • Verified Tutors

Bank Nifty Overview

Kunal Kishore
09/12/2019 0 0

During last week, Bank Nifty index witnessed some correction in the initial couple of days. During mid-week, the index witnessed an up movement  but it faced resistance around 32000- 32200 and then its corrected in the end of the week to end with a weekly loss of 1.89 percent. During the end of the weak, the Bank Nifty too witnessed some selling pressure as the broader markets witnessed a sharp correction. The index has ended near its '20 DEMA  ; support and hence it would be good to see how its behaves around this support. The immediate resistance for the index is seen around 31500-31650 range and the index needs to surpass this to resume its momentum. A failure to do so could result into some further correction towards 31050 and 30800. However, the broader trend continues to be positive and this downmove should be seen as a correction within an uptrend which would provide good opportunities for positional traders to buy on dips. As of now, swing traders are advised to keep a wait and watch approach and look for developments as per above mentioned probabilities .

0 Dislike
Follow 1

Please Enter a comment

Submit

Other Lessons for You

Why one should Invest in Equity in Stock Market
An analysis of various assets shows that equity shares have given the best returns during periods of high inflation, albeit with higher volatility. Stocks have returned 19% a year, followed by bonds (8.8%)...

PE Analysis
PE Industry Plain depiction:- Industry PE = X Company PE = Y Interpretations X =Y Indifferent company is growing along the industry gradual growth , X>Y =Situation 1 Company may be...

Profit with Candlestick Pattern
Title: Understanding Candlestick Patterns: A Comprehensive Guide Introduction: Candlestick patterns are an essential tool in technical analysis for traders and investors in financial markets. Originating...

Stock Market Timing Entry - For Day Traders
Dear students, Day Trading Strategy will be highly valuable for Intraday traders, Maximum Number of traders are entering before 10 AM every day buy or Sell position without any knowledge, But As per technical...

BankNifty Update For Jul-03, 2020
Banknifty opened 150+ points gap up @ 22133, reached our 1st target of 22300. It made top @ 22344 but could not sustain and sharply came down to 21900 levels. After that, it was typical expiry day rangebound...
N

Ninad Deshmukh

0 0
0

Looking for Stock Market Investing classes?

Learn from Best Tutors on UrbanPro.

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you
X

Looking for Stock Market Investing Classes?

The best tutors for Stock Market Investing Classes are on UrbanPro

  • Select the best Tutor
  • Book & Attend a Free Demo
  • Pay and start Learning

Learn Stock Market Investing with the Best Tutors

The best Tutors for Stock Market Investing Classes are on UrbanPro

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more