Let us analyse BankNifty on 8th Dec 2016. Bank Nifty opened gap up after the 100% CRR was removed by RBI from the 10th Dec. Also, overnight rally in the US helped the sentiment. On the global front, there was also expectation that the ECB would extend its bond purchasing program. Bank Nifty found support […]

Let us analyse BankNifty on 7th Dec 2016. Ahead of the RBI policy meeting to be held in the afternoon for a rate cut at 2.30 pm, the market traded cautiously within a very small range. Although it opened gap up but progressively headed higher. However, in the afternoon when no rate cut was announced […]

Let us analyse BankNifty on 6th Dec 2016. Bank Nifty traded in a very narrow range of around 130 points all throughout the day ahead of the RBI monetary policy meet to be held on 7th Dec. The high of the day was made around 18500 and the low was made around 18370. Traders could […]

Let us analyse BankNifty on 5th Dec 2016. Bank Nifty made a flat opening in the morning trade, however it resisted around 18200 which formed a strong support for most part of the day. Italy voted ‘NO’ for the constitutional amendments in the referendum. Hence its PM, Renzi offered his resignation which was not a very […]

Let us analyse BankNifty on 2nd Dec 2016. The previous session was not very enthusiastic for the bulls. All throughout the day, selling pressure was felt. This pressure continued when Bank Nifty opened with a gap down. The crucial level of 18400 was breached and hence the selling continued. However, sometime in the afternoon there […]