Weekly View of Nifty/Bank Nifty Outlook


Posted September 25, 2018 by contactmail86

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Nifty Weekly View
Nifty traded lower for the third consecutive week as increasing tension talks between US and China trade war, rupee's fall and narrowing the current account deficit, failed to cheer investors to boost up the sentiments. Nifty closed around 20 Exponential moving average which depicts bears overpower bulls.

Bank Nifty Weekly View
Nifty Bank traded lower too which confirm selling as the profit booking amid geopolitical tension kept the banking stocks in jitter too.Nifty bank ended the week to settle at 25596.90 .It looks weak on daily and weekly chart both as close below the support level may drag it down to test the support level of 25225 and immediate resistance mark is 26000.



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Star India Market Research - SEBI Registered Investment advisory Company In India. Our experts provides trading recommendations in Stock, Commodity and Currency Market.
Country India
Categories Finance
Tags stock market tips , equity trading tips , share market tips , nifty tips , Option Tips , commodity tips , mcx tips
Last Updated September 25, 2018