Bank Nifty Outlook for the Week (September 14, 2015 – September 18, 2015)

September 11, 2015December 7, 2020

EquityPandit’s Outlook for Bank Nifty for the week (September 14, 2015 – September 18, 2015):

BANK NIFTY:

Bank Nifty ended the week on positive note gaining around 3%.

As we have mentioned last week that if the index breaks below the levels of 16000 on closing basis where downward moving trend-line is positioned, the index can drift to the levels of 15200 where 500 Daily SMA is positioned and the index manages to hit a low of 15762 and bounce back above the levels of 16000.

Technically the index is trading below short term and long term moving averages which suggest the index is trading very weak.

As we have mentioned last week that if the index manages to move above the levels of 16500 the index can move to the levels of 17000, but the index manages to hit a high of 16781 during the week.

Next week if the index breaks below the levels of 15760, then the index can drift to the levels of 15200, where 500 Daily SMA is positioned.

If the index breaks above the levels of 16780, then the index can move to the levels of 17200 to 17500 from where the index was sold off.

Range for the week is seen from 15000 to 15500 on downside to 17000 to 17500 on upside.

BANKNIFTY INDEX OUTLOOK MARKET OUTLOOK

NIFTY BANK Outlook for the Week (June 03, 2024 – June 07, 2024)

CRON USERMay 31, 2024

May 31, 2024

NIFTY BANK closed the previous week on a negative note losing 2.77%.

Technically, NIFTY BANK share price will see immediate support at 48,302.08 and immediate resistance would be seen at 49,677.33.

If NIFTY BANK share price closes below immediate support of 48,302.08, then sharp breakdown can be seen. NIFTY BANK share price will see major support at 47,620.22 for the week.

On the positive side, immediate resistance will be seen at 49,677.33. Closing above 49,677.33, NIFTY BANK share price will see a sharp breakout. Major resistance for NIFTY BANK share price will be seen at 50,370.72 for the week.

Trading range for NIFTY BANK share price for this week should be between 46,926.83 on down side and 51,052.58 on up side.

NIFTY BANK Previous Week High: 49688.85

NIFTY BANK Previous Week Low: 48313.6

NIFTY BANK Previous Week Range: 1375.25 Points

NIFTY BANK share price support and resistance for the week (June 03, 2024 – June 07, 2024)

Level Type	Value
Resistance 3	51,052.58
Resistance 2	50,370.72
Resistance 1	49,677.33
Support 1	48,302.08
Support 2	47,620.22
Support 3	46,926.83

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BANKNIFTY INDEX OUTLOOK MARKET OUTLOOK

NIFTY BANK Outlook for the Week (May 27, 2024 – May 31, 2024)

CRON USERMay 24, 2024

May 24, 2024

NIFTY BANK closed the previous week on a negative note losing 3.30%.

Technically, NIFTY BANK share price will see immediate support at 47,920.28 and immediate resistance would be seen at 49,537.98.

If NIFTY BANK share price closes below immediate support of 47,920.28, then sharp breakdown can be seen. NIFTY BANK share price will see major support at 46,868.92 for the week.

On the positive side, immediate resistance will be seen at 49,537.98. Closing above 49,537.98, NIFTY BANK share price will see a sharp breakout. Major resistance for NIFTY BANK share price will be seen at 50,104.32 for the week.

Trading range for NIFTY BANK share price for this week should be between 46,302.58 on down side and 51,155.68 on up side.

NIFTY BANK Previous Week High: 49052.95

NIFTY BANK Previous Week Low: 47435.25

NIFTY BANK Previous Week Range: 1617.7 Points

NIFTY BANK share price support and resistance for the week (May 27, 2024 – May 31, 2024)

Level Type	Value
Resistance 3	51,155.68
Resistance 2	50,104.32
Resistance 1	49,537.98
Support 1	47,920.28
Support 2	46,868.92
Support 3	46,302.58

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BANKNIFTY INDEX OUTLOOK MARKET OUTLOOK

NIFTY BANK Outlook for the Week (May 20, 2024 – May 24, 2024)

CRON USERMay 17, 2024

May 17, 2024

NIFTY BANK closed the previous week on a negative note losing 2.50%.

Technically, NIFTY BANK share price will see immediate support at 47,336.38 and immediate resistance would be seen at 48,541.78.

If NIFTY BANK share price closes below immediate support of 47,336.38, then sharp breakdown can be seen. NIFTY BANK share price will see major support at 46,557.12 for the week.

On the positive side, immediate resistance will be seen at 48,541.78. Closing above 48,541.78, NIFTY BANK share price will see a sharp breakout. Major resistance for NIFTY BANK share price will be seen at 48,967.92 for the week.

Trading range for NIFTY BANK share price for this week should be between 46,130.98 on down side and 49,747.18 on up side.

NIFTY BANK Previous Week High: 48188.65

NIFTY BANK Previous Week Low: 46983.25

NIFTY BANK Previous Week Range: 1205.4 Points

NIFTY BANK share price support and resistance for the week (May 20, 2024 – May 24, 2024)

Level Type	Value
Resistance 3	49,747.18
Resistance 2	48,967.92
Resistance 1	48,541.78
Support 1	47,336.38
Support 2	46,557.12
Support 3	46,130.98

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BANKNIFTY INDEX OUTLOOK MARKET OUTLOOK

NIFTY BANK Outlook for the Week (May 13, 2024 – May 17, 2024)

CRON USERMay 10, 2024

May 10, 2024

NIFTY BANK closed the previous week on a negative note losing 3.94%.

Technically, NIFTY BANK share price will see immediate support at 46,738.75 and immediate resistance would be seen at 48,678.05.

If NIFTY BANK share price closes below immediate support of 46,738.75, then sharp breakdown can be seen. NIFTY BANK share price will see major support at 46,056.40 for the week.

On the positive side, immediate resistance will be seen at 48,678.05. Closing above 48,678.05, NIFTY BANK share price will see a sharp breakout. Major resistance for NIFTY BANK share price will be seen at 49,935.00 for the week.

Trading range for NIFTY BANK share price for this week should be between 44,799.45 on down side and 50,617.35 on up side.

NIFTY BANK Previous Week High: 49252.65

NIFTY BANK Previous Week Low: 47313.35

NIFTY BANK Previous Week Range: 1939.3 Points

NIFTY BANK share price support and resistance for the week (May 13, 2024 – May 17, 2024)

Level Type	Value
Resistance 3	50,617.35
Resistance 2	49,935.00
Resistance 1	48,678.05
Support 1	46,738.75
Support 2	46,056.40
Support 3	44,799.45

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BANKNIFTY INDEX OUTLOOK MARKET OUTLOOK

NIFTY BANK Outlook for the Week (May 06, 2024 – May 10, 2024)

CRON USERMay 3, 2024

May 3, 2024

NIFTY BANK closed the previous week on a negative note losing 3.27%.

Technically, NIFTY BANK share price will see immediate support at 48,185.92 and immediate resistance would be seen at 49,817.97.

If NIFTY BANK share price closes below immediate support of 48,185.92, then sharp breakdown can be seen. NIFTY BANK share price will see major support at 47,448.28 for the week.

On the positive side, immediate resistance will be seen at 49,817.97. Closing above 49,817.97, NIFTY BANK share price will see a sharp breakout. Major resistance for NIFTY BANK share price will be seen at 50,712.38 for the week.

Trading range for NIFTY BANK share price for this week should be between 46,553.87 on down side and 51,450.02 on up side.

NIFTY BANK Previous Week High: 49974.75

NIFTY BANK Previous Week Low: 48342.7

NIFTY BANK Previous Week Range: 1632.05 Points

NIFTY BANK share price support and resistance for the week (May 06, 2024 – May 10, 2024)

Level Type	Value
Resistance 3	51,450.02
Resistance 2	50,712.38
Resistance 1	49,817.97
Support 1	48,185.92
Support 2	47,448.28
Support 3	46,553.87

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