Fortis Facilitating PE Investors in SRL Diagnostics Unit

March 26, 2019

Fortis Healthcare Ltd, which owns 57% stake in SRL Diagnostics, is in the process of hiring Kotak Mahindra Bank to manage the stake sales transaction as an investment banker, one of the two people said on the request of anonymity. One of the important parts of the deal was to provide exits to Private Equity investors.
“As is normally the process, activities pertaining to the IM (information memorandum) approaching potentially interested parties, etc. will play out over the next few months,” the first person said. IFC (7.5%), New York Jacob Ballas Fund (16%), Private equity investors Resurgence Fund (7.5%) and other shareholders (12%) own around 43% in SRL Diagnostics.
While IHH Healthcare Bhd., the new possessor of the Fortis, had earlier planned to purchase out the private equity firms, the Malaysian company had decided against it because of the legal dispute between Japanese drug maker Daiichi Sankyo Co. Ltd and the Singh brothers, the founders of the Fortis, said the people cited earlier.
Read EquityPandit’s Technical Analysis of Nifty Pharma

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

.d-none{display:none};

[{"upd_Date":"2024-04-19T00:00:00","price":47574.15,"volume":164580371,"Open":46744.95,"High":47668.7,"Low":46579.05},{"upd_Date":"2024-04-22T00:00:00","price":47924.9,"volume":177719481,"Open":48145.7,"High":48146.3,"Low":47628.45},{"upd_Date":"2024-04-23T00:00:00","price":47970.45,"volume":141110604,"Open":48299.6,"High":48302.7,"Low":47899.3},{"upd_Date":"2024-04-24T00:00:00","price":48189,"volume":112159300,"Open":48120.9,"High":48246.2,"Low":48028.7},{"upd_Date":"2024-04-25T00:00:00","price":48494.95,"volume":337412581,"Open":47772.65,"High":48625.45,"Low":47737.2},{"upd_Date":"2024-04-26T00:00:00","price":48201.05,"volume":208118242,"Open":48660,"High":48679.65,"Low":48088.25},{"upd_Date":"2024-04-29T00:00:00","price":49424.05,"volume":327134115,"Open":48359.9,"High":49473.6,"Low":48342.7},{"upd_Date":"2024-04-30T00:00:00","price":49396.75,"volume":402874252,"Open":49477.1,"High":49974.75,"Low":49249.9},{"upd_Date":"2024-05-02T00:00:00","price":49231.05,"volume":291857104,"Open":49262,"High":49529.35,"Low":49123.6},{"upd_Date":"2024-05-03T00:00:00","price":48923.55,"volume":222964426,"Open":49375.05,"High":49607.75,"Low":48659.7},{"upd_Date":"2024-05-06T00:00:00","price":48895.3,"volume":340187386,"Open":49174.55,"High":49252.65,"Low":48784},{"upd_Date":"2024-05-07T00:00:00","price":48285.35,"volume":230306618,"Open":48965.05,"High":49023.5,"Low":48213.75},{"upd_Date":"2024-05-08T00:00:00","price":48021.1,"volume":286041100,"Open":48124.2,"High":48223.05,"Low":47851.15},{"upd_Date":"2024-05-09T00:00:00","price":47487.9,"volume":272914366,"Open":47976.35,"High":48258.65,"Low":47440.65},{"upd_Date":"2024-05-10T00:00:00","price":47421.1,"volume":218854712,"Open":47555.5,"High":47868.7,"Low":47313.35},{"upd_Date":"2024-05-13T00:00:00","price":47754.1,"volume":220865860,"Open":47389.8,"High":47841.6,"Low":46983.25},{"upd_Date":"2024-05-14T00:00:00","price":47859.45,"volume":151958187,"Open":47748.85,"High":47937.25,"Low":47607.85},{"upd_Date":"2024-05-15T00:00:00","price":47687.45,"volume":188783717,"Open":47923.1,"High":47957.2,"Low":47534.5},{"upd_Date":"2024-05-16T00:00:00","price":47977.05,"volume":219943967,"Open":47945.85,"High":48052.9,"Low":47340.35},{"upd_Date":"2024-05-17T00:00:00","price":48115.65,"volume":143821357,"Open":47842.95,"High":48188.65,"Low":47758.8},{"upd_Date":"2024-05-18T00:00:00","price":48199.5,"volume":19246577,"Open":48197.3,"High":48222.35,"Low":48108.15},{"upd_Date":"2024-05-21T00:00:00","price":48048.2,"volume":166750558,"Open":47927.1,"High":48259.75,"Low":47927.1},{"upd_Date":"2024-05-22T00:00:00","price":47781.95,"volume":204867369,"Open":48113.9,"High":48114.05,"Low":47435.25},{"upd_Date":"2024-05-23T00:00:00","price":48768.6,"volume":184456258,"Open":47899.35,"High":48829.7,"Low":47873.15},{"upd_Date":"2024-05-24T00:00:00","price":48971.65,"volume":135007612,"Open":48668,"High":49052.95,"Low":48644.8},{"upd_Date":"2024-05-27T00:00:00","price":49281.8,"volume":226530645,"Open":49105.9,"High":49688.85,"Low":49051.25},{"upd_Date":"2024-05-28T00:00:00","price":49142.15,"volume":155174235,"Open":49390.9,"High":49511.15,"Low":49043.65},{"upd_Date":"2024-05-29T00:00:00","price":48501.35,"volume":183590101,"Open":48786.7,"High":49022.6,"Low":48401.55},{"upd_Date":"2024-05-30T00:00:00","price":48682.35,"volume":151037825,"Open":48313.6,"High":49044.6,"Low":48313.6},{"upd_Date":"2024-05-31T00:00:00","price":48983.95,"volume":303626980,"Open":48895.15,"High":49122.55,"Low":48569.05}]

[{"XCHNG":"NSE","Upd_Time":"2024-05-31T00:00:00","open_Price":48895.15,"High_Price":49122.55,"Low_Price":48569.05,"Price":48983.95,"BBuy_Qty":null,"BBuy_Price":null,"BSell_Qty":null,"BSell_Price":null,"Total_Trade":0,"Value":0,"Volume":0,"Oldprice":48682.35,"PriceDiff":301.59999999999854,"change":0.6195263786567381,"Net_TrdQty":0,"HI_52_WK":49974.75,"LO_52_WK":42105.4,"H52DATE":"2024-04-30T00:00:00","L52DATE":"2023-10-26T00:00:00","sc_group":null,"CompLname":"Nifty Bank","Sc_code":null,"ListInfo":"listed","B52HighAdj":49974.75,"b52LowAdj":42105.4,"isin":null,"symbol":"BANKNIFTY "}]

{"buy_point":[{"en_ltd":"2024-05-17","en_sup_p_91":"48087.57","en_sup_t_91":"47371.28","prev_close":"47977.05","en_close":"48115.65","new_date":"May 17","prev_close_no":47977},{"en_ltd":"2024-04-22","en_sup_p_91":"47740.87","en_sup_t_91":"47275.36","prev_close":"47574.15","en_close":"47924.90","new_date":"Apr 22","prev_close_no":47574}],"sell_point":[{"en_ltd":"2024-05-29","en_sup_p_91":"48777.81","en_sup_t_91":"49308.48","prev_close":"49142.15","en_close":"48501.35","new_date":"May 29","prev_close_no":49142},{"en_ltd":"2024-05-03","en_sup_p_91":"48938.98","en_sup_t_91":"49811.17","prev_close":"49231.05","en_close":"48923.55","new_date":"May 3","prev_close_no":49231}]}

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

.d-none{display:none};

[{"upd_Date":"2024-04-10T00:00:00","price":48986.6,"volume":247065747,"Open":48879.55,"High":49057.4,"Low":48669.25},{"upd_Date":"2024-04-12T00:00:00","price":48564.55,"volume":207985339,"Open":48671.2,"High":48882.65,"Low":48477.55},{"upd_Date":"2024-04-15T00:00:00","price":47773.25,"volume":197115142,"Open":48057.5,"High":48255.5,"Low":47725.8},{"upd_Date":"2024-04-16T00:00:00","price":47484.8,"volume":186069576,"Open":47436.7,"High":47609,"Low":47316.55},{"upd_Date":"2024-04-18T00:00:00","price":47069.45,"volume":186371057,"Open":47592.7,"High":47829.75,"Low":46982.15},{"upd_Date":"2024-04-19T00:00:00","price":47574.15,"volume":164580371,"Open":46744.95,"High":47668.7,"Low":46579.05},{"upd_Date":"2024-04-22T00:00:00","price":47924.9,"volume":177719481,"Open":48145.7,"High":48146.3,"Low":47628.45},{"upd_Date":"2024-04-23T00:00:00","price":47970.45,"volume":141110604,"Open":48299.6,"High":48302.7,"Low":47899.3},{"upd_Date":"2024-04-24T00:00:00","price":48189,"volume":112159300,"Open":48120.9,"High":48246.2,"Low":48028.7},{"upd_Date":"2024-04-25T00:00:00","price":48494.95,"volume":337412581,"Open":47772.65,"High":48625.45,"Low":47737.2},{"upd_Date":"2024-04-26T00:00:00","price":48201.05,"volume":208118242,"Open":48660,"High":48679.65,"Low":48088.25},{"upd_Date":"2024-04-29T00:00:00","price":49424.05,"volume":327134115,"Open":48359.9,"High":49473.6,"Low":48342.7},{"upd_Date":"2024-04-30T00:00:00","price":49396.75,"volume":402874252,"Open":49477.1,"High":49974.75,"Low":49249.9},{"upd_Date":"2024-05-02T00:00:00","price":49231.05,"volume":291857104,"Open":49262,"High":49529.35,"Low":49123.6},{"upd_Date":"2024-05-03T00:00:00","price":48923.55,"volume":222964426,"Open":49375.05,"High":49607.75,"Low":48659.7},{"upd_Date":"2024-05-06T00:00:00","price":48895.3,"volume":340187386,"Open":49174.55,"High":49252.65,"Low":48784},{"upd_Date":"2024-05-07T00:00:00","price":48285.35,"volume":230306618,"Open":48965.05,"High":49023.5,"Low":48213.75},{"upd_Date":"2024-05-08T00:00:00","price":48021.1,"volume":286041100,"Open":48124.2,"High":48223.05,"Low":47851.15},{"upd_Date":"2024-05-09T00:00:00","price":47487.9,"volume":272914366,"Open":47976.35,"High":48258.65,"Low":47440.65},{"upd_Date":"2024-05-10T00:00:00","price":47421.1,"volume":218854712,"Open":47555.5,"High":47868.7,"Low":47313.35},{"upd_Date":"2024-05-13T00:00:00","price":47754.1,"volume":220865860,"Open":47389.8,"High":47841.6,"Low":46983.25},{"upd_Date":"2024-05-14T00:00:00","price":47859.45,"volume":151958187,"Open":47748.85,"High":47937.25,"Low":47607.85},{"upd_Date":"2024-05-15T00:00:00","price":47687.45,"volume":188783717,"Open":47923.1,"High":47957.2,"Low":47534.5},{"upd_Date":"2024-05-16T00:00:00","price":47977.05,"volume":219943967,"Open":47945.85,"High":48052.9,"Low":47340.35},{"upd_Date":"2024-05-17T00:00:00","price":48115.65,"volume":143821357,"Open":47842.95,"High":48188.65,"Low":47758.8},{"upd_Date":"2024-05-18T00:00:00","price":48199.5,"volume":19246577,"Open":48197.3,"High":48222.35,"Low":48108.15},{"upd_Date":"2024-05-21T00:00:00","price":48048.2,"volume":166750558,"Open":47927.1,"High":48259.75,"Low":47927.1},{"upd_Date":"2024-05-22T00:00:00","price":47781.95,"volume":204867369,"Open":48113.9,"High":48114.05,"Low":47435.25},{"upd_Date":"2024-05-23T00:00:00","price":48768.6,"volume":184456258,"Open":47899.35,"High":48829.7,"Low":47873.15},{"upd_Date":"2024-05-24T00:00:00","price":48971.65,"volume":135007612,"Open":48668,"High":49052.95,"Low":48644.8}]

[{"XCHNG":"NSE","Upd_Time":"2024-05-24T00:00:00","open_Price":48668,"High_Price":49052.95,"Low_Price":48644.8,"Price":48971.65,"BBuy_Qty":null,"BBuy_Price":null,"BSell_Qty":null,"BSell_Price":null,"Total_Trade":0,"Value":0,"Volume":0,"Oldprice":48768.6,"PriceDiff":203.0500000000029,"change":0.4163539654613889,"Net_TrdQty":0,"HI_52_WK":49974.75,"LO_52_WK":42105.4,"H52DATE":"2024-04-30T00:00:00","L52DATE":"2023-10-26T00:00:00","sc_group":null,"CompLname":"Nifty Bank","Sc_code":null,"ListInfo":"listed","B52HighAdj":49974.75,"b52LowAdj":42105.4,"isin":null,"symbol":"BANKNIFTY "}]

{"buy_point":[{"en_ltd":"2024-05-17","en_sup_p_91":"48087.57","en_sup_t_91":"47371.28","prev_close":"47977.05","en_close":"48115.65","new_date":"May 17","prev_close_no":47977},{"en_ltd":"2024-04-22","en_sup_p_91":"47740.87","en_sup_t_91":"47275.36","prev_close":"47574.15","en_close":"47924.90","new_date":"Apr 22","prev_close_no":47574}],"sell_point":[{"en_ltd":"2024-05-03","en_sup_p_91":"48938.98","en_sup_t_91":"49811.17","prev_close":"49231.05","en_close":"48923.55","new_date":"May 3","prev_close_no":49231},{"en_ltd":"2024-04-15","en_sup_p_91":"48374.34","en_sup_t_91":"48520.48","prev_close":"48564.55","en_close":"47773.25","new_date":"Apr 15","prev_close_no":48564}]}

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

.d-none{display:none};

[{"upd_Date":"2024-04-03T00:00:00","price":47624.25,"volume":283779413,"Open":47350.25,"High":47676.95,"Low":47279.8},{"upd_Date":"2024-04-04T00:00:00","price":48060.8,"volume":324271925,"Open":48086.2,"High":48254.65,"Low":47712.7},{"upd_Date":"2024-04-05T00:00:00","price":48493.05,"volume":214305236,"Open":48104.65,"High":48557.4,"Low":47894.5},{"upd_Date":"2024-04-08T00:00:00","price":48581.7,"volume":263381555,"Open":48586.75,"High":48716.95,"Low":48424.65},{"upd_Date":"2024-04-09T00:00:00","price":48730.55,"volume":147583296,"Open":48810.8,"High":48960.75,"Low":48568.25},{"upd_Date":"2024-04-10T00:00:00","price":48986.6,"volume":247065747,"Open":48879.55,"High":49057.4,"Low":48669.25},{"upd_Date":"2024-04-12T00:00:00","price":48564.55,"volume":207985339,"Open":48671.2,"High":48882.65,"Low":48477.55},{"upd_Date":"2024-04-15T00:00:00","price":47773.25,"volume":197115142,"Open":48057.5,"High":48255.5,"Low":47725.8},{"upd_Date":"2024-04-16T00:00:00","price":47484.8,"volume":186069576,"Open":47436.7,"High":47609,"Low":47316.55},{"upd_Date":"2024-04-18T00:00:00","price":47069.45,"volume":186371057,"Open":47592.7,"High":47829.75,"Low":46982.15},{"upd_Date":"2024-04-19T00:00:00","price":47574.15,"volume":164580371,"Open":46744.95,"High":47668.7,"Low":46579.05},{"upd_Date":"2024-04-22T00:00:00","price":47924.9,"volume":177719481,"Open":48145.7,"High":48146.3,"Low":47628.45},{"upd_Date":"2024-04-23T00:00:00","price":47970.45,"volume":141110604,"Open":48299.6,"High":48302.7,"Low":47899.3},{"upd_Date":"2024-04-24T00:00:00","price":48189,"volume":112159300,"Open":48120.9,"High":48246.2,"Low":48028.7},{"upd_Date":"2024-04-25T00:00:00","price":48494.95,"volume":337412581,"Open":47772.65,"High":48625.45,"Low":47737.2},{"upd_Date":"2024-04-26T00:00:00","price":48201.05,"volume":208118242,"Open":48660,"High":48679.65,"Low":48088.25},{"upd_Date":"2024-04-29T00:00:00","price":49424.05,"volume":327134115,"Open":48359.9,"High":49473.6,"Low":48342.7},{"upd_Date":"2024-04-30T00:00:00","price":49396.75,"volume":402874252,"Open":49477.1,"High":49974.75,"Low":49249.9},{"upd_Date":"2024-05-02T00:00:00","price":49231.05,"volume":291857104,"Open":49262,"High":49529.35,"Low":49123.6},{"upd_Date":"2024-05-03T00:00:00","price":48923.55,"volume":222964426,"Open":49375.05,"High":49607.75,"Low":48659.7},{"upd_Date":"2024-05-06T00:00:00","price":48895.3,"volume":340187386,"Open":49174.55,"High":49252.65,"Low":48784},{"upd_Date":"2024-05-07T00:00:00","price":48285.35,"volume":230306618,"Open":48965.05,"High":49023.5,"Low":48213.75},{"upd_Date":"2024-05-08T00:00:00","price":48021.1,"volume":286041100,"Open":48124.2,"High":48223.05,"Low":47851.15},{"upd_Date":"2024-05-09T00:00:00","price":47487.9,"volume":272914366,"Open":47976.35,"High":48258.65,"Low":47440.65},{"upd_Date":"2024-05-10T00:00:00","price":47421.1,"volume":218854712,"Open":47555.5,"High":47868.7,"Low":47313.35},{"upd_Date":"2024-05-13T00:00:00","price":47754.1,"volume":220865860,"Open":47389.8,"High":47841.6,"Low":46983.25},{"upd_Date":"2024-05-14T00:00:00","price":47859.45,"volume":151958187,"Open":47748.85,"High":47937.25,"Low":47607.85},{"upd_Date":"2024-05-15T00:00:00","price":47687.45,"volume":188783717,"Open":47923.1,"High":47957.2,"Low":47534.5},{"upd_Date":"2024-05-16T00:00:00","price":47977.05,"volume":219943967,"Open":47945.85,"High":48052.9,"Low":47340.35},{"upd_Date":"2024-05-17T00:00:00","price":48115.65,"volume":143821357,"Open":47842.95,"High":48188.65,"Low":47758.8}]

[{"XCHNG":"NSE","Upd_Time":"2024-05-17T00:00:00","open_Price":47842.95,"High_Price":48188.65,"Low_Price":47758.8,"Price":48115.65,"BBuy_Qty":null,"BBuy_Price":null,"BSell_Qty":null,"BSell_Price":null,"Total_Trade":0,"Value":0,"Volume":0,"Oldprice":47977.05,"PriceDiff":138.59999999999854,"change":0.28888812463458785,"Net_TrdQty":0,"HI_52_WK":49974.75,"LO_52_WK":42105.4,"H52DATE":"2024-04-30T00:00:00","L52DATE":"2023-10-26T00:00:00","sc_group":null,"CompLname":"Nifty Bank","Sc_code":null,"ListInfo":"listed","B52HighAdj":49974.75,"b52LowAdj":42105.4,"isin":null,"symbol":"BANKNIFTY "}]

{"buy_point":[{"en_ltd":"2024-05-17","en_sup_p_91":"48087.57","en_sup_t_91":"47371.28","prev_close":"47977.05","en_close":"48115.65","new_date":"May 17","prev_close_no":47977},{"en_ltd":"2024-04-22","en_sup_p_91":"47740.87","en_sup_t_91":"47275.36","prev_close":"47574.15","en_close":"47924.90","new_date":"Apr 22","prev_close_no":47574}],"sell_point":[{"en_ltd":"2024-05-03","en_sup_p_91":"48938.98","en_sup_t_91":"49811.17","prev_close":"49231.05","en_close":"48923.55","new_date":"May 3","prev_close_no":49231},{"en_ltd":"2024-04-15","en_sup_p_91":"48374.34","en_sup_t_91":"48520.48","prev_close":"48564.55","en_close":"47773.25","new_date":"Apr 15","prev_close_no":48564}]}

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

.d-none{display:none};

[{"upd_Date":"2024-03-26T00:00:00","price":46600.2,"volume":171655734,"Open":46552.95,"High":46788.35,"Low":46529.05},{"upd_Date":"2024-03-27T00:00:00","price":46785.95,"volume":285050400,"Open":46643.45,"High":46956.1,"Low":46643.45},{"upd_Date":"2024-03-28T00:00:00","price":47124.6,"volume":347979603,"Open":46827.85,"High":47440.45,"Low":46827.85},{"upd_Date":"2024-04-01T00:00:00","price":47578.25,"volume":134089417,"Open":47391.05,"High":47646.8,"Low":47373.1},{"upd_Date":"2024-04-02T00:00:00","price":47545.45,"volume":183398624,"Open":47490.75,"High":47707.35,"Low":47408.55},{"upd_Date":"2024-04-03T00:00:00","price":47624.25,"volume":283779413,"Open":47350.25,"High":47676.95,"Low":47279.8},{"upd_Date":"2024-04-04T00:00:00","price":48060.8,"volume":324271925,"Open":48086.2,"High":48254.65,"Low":47712.7},{"upd_Date":"2024-04-05T00:00:00","price":48493.05,"volume":214305236,"Open":48104.65,"High":48557.4,"Low":47894.5},{"upd_Date":"2024-04-08T00:00:00","price":48581.7,"volume":263381555,"Open":48586.75,"High":48716.95,"Low":48424.65},{"upd_Date":"2024-04-09T00:00:00","price":48730.55,"volume":147583296,"Open":48810.8,"High":48960.75,"Low":48568.25},{"upd_Date":"2024-04-10T00:00:00","price":48986.6,"volume":247065747,"Open":48879.55,"High":49057.4,"Low":48669.25},{"upd_Date":"2024-04-12T00:00:00","price":48564.55,"volume":207985339,"Open":48671.2,"High":48882.65,"Low":48477.55},{"upd_Date":"2024-04-15T00:00:00","price":47773.25,"volume":197115142,"Open":48057.5,"High":48255.5,"Low":47725.8},{"upd_Date":"2024-04-16T00:00:00","price":47484.8,"volume":186069576,"Open":47436.7,"High":47609,"Low":47316.55},{"upd_Date":"2024-04-18T00:00:00","price":47069.45,"volume":186371057,"Open":47592.7,"High":47829.75,"Low":46982.15},{"upd_Date":"2024-04-19T00:00:00","price":47574.15,"volume":164580371,"Open":46744.95,"High":47668.7,"Low":46579.05},{"upd_Date":"2024-04-22T00:00:00","price":47924.9,"volume":177719481,"Open":48145.7,"High":48146.3,"Low":47628.45},{"upd_Date":"2024-04-23T00:00:00","price":47970.45,"volume":141110604,"Open":48299.6,"High":48302.7,"Low":47899.3},{"upd_Date":"2024-04-24T00:00:00","price":48189,"volume":112159300,"Open":48120.9,"High":48246.2,"Low":48028.7},{"upd_Date":"2024-04-25T00:00:00","price":48494.95,"volume":337412581,"Open":47772.65,"High":48625.45,"Low":47737.2},{"upd_Date":"2024-04-26T00:00:00","price":48201.05,"volume":208118242,"Open":48660,"High":48679.65,"Low":48088.25},{"upd_Date":"2024-04-29T00:00:00","price":49424.05,"volume":327134115,"Open":48359.9,"High":49473.6,"Low":48342.7},{"upd_Date":"2024-04-30T00:00:00","price":49396.75,"volume":402874252,"Open":49477.1,"High":49974.75,"Low":49249.9},{"upd_Date":"2024-05-02T00:00:00","price":49231.05,"volume":291857104,"Open":49262,"High":49529.35,"Low":49123.6},{"upd_Date":"2024-05-03T00:00:00","price":48923.55,"volume":222964426,"Open":49375.05,"High":49607.75,"Low":48659.7},{"upd_Date":"2024-05-06T00:00:00","price":48895.3,"volume":340187386,"Open":49174.55,"High":49252.65,"Low":48784},{"upd_Date":"2024-05-07T00:00:00","price":48285.35,"volume":230306618,"Open":48965.05,"High":49023.5,"Low":48213.75},{"upd_Date":"2024-05-08T00:00:00","price":48021.1,"volume":286041100,"Open":48124.2,"High":48223.05,"Low":47851.15},{"upd_Date":"2024-05-09T00:00:00","price":47487.9,"volume":272914366,"Open":47976.35,"High":48258.65,"Low":47440.65},{"upd_Date":"2024-05-10T00:00:00","price":47421.1,"volume":218854712,"Open":47555.5,"High":47868.7,"Low":47313.35}]

[{"XCHNG":"NSE","Upd_Time":"2024-05-10T00:00:00","open_Price":47555.5,"High_Price":47868.7,"Low_Price":47313.35,"Price":47421.1,"BBuy_Qty":null,"BBuy_Price":null,"BSell_Qty":null,"BSell_Price":null,"Total_Trade":0,"Value":0,"Volume":0,"Oldprice":47487.9,"PriceDiff":-66.80000000000291,"change":-0.14066741211972505,"Net_TrdQty":0,"HI_52_WK":49974.75,"LO_52_WK":42105.4,"H52DATE":"2024-04-30T00:00:00","L52DATE":"2023-10-26T00:00:00","sc_group":null,"CompLname":"Nifty Bank","Sc_code":"532049","ListInfo":"listed","B52HighAdj":49974.75,"b52LowAdj":42105.4,"isin":null,"symbol":"BANKNIFTY"}]

{"buy_point":[{"en_ltd":"2024-04-22","en_sup_p_91":"47740.87","en_sup_t_91":"47275.36","prev_close":"47574.15","en_close":"47924.90","new_date":"Apr 22","prev_close_no":47574},{"en_ltd":"2024-03-28","en_sup_p_91":"46868.31","en_sup_t_91":"46570.52","prev_close":"46785.95","en_close":"47124.60","new_date":"Mar 28","prev_close_no":46785}],"sell_point":[{"en_ltd":"2024-05-03","en_sup_p_91":"48938.98","en_sup_t_91":"49811.17","prev_close":"49231.05","en_close":"48923.55","new_date":"May 3","prev_close_no":49231},{"en_ltd":"2024-04-15","en_sup_p_91":"48374.34","en_sup_t_91":"48520.48","prev_close":"48564.55","en_close":"47773.25","new_date":"Apr 15","prev_close_no":48564}]}

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

.d-none{display:none};

[{"upd_Date":"2024-03-18T00:00:00","price":46575.9,"volume":151328904,"Open":46458.75,"High":46739.25,"Low":46022.15},{"upd_Date":"2024-03-19T00:00:00","price":46384.8,"volume":147080034,"Open":46421.9,"High":46602.35,"Low":46258.75},{"upd_Date":"2024-03-20T00:00:00","price":46310.9,"volume":210365443,"Open":46392.9,"High":46655.55,"Low":45828.8},{"upd_Date":"2024-03-21T00:00:00","price":46684.9,"volume":150392246,"Open":46674.85,"High":46990.25,"Low":46570.15},{"upd_Date":"2024-03-22T00:00:00","price":46863.75,"volume":172184807,"Open":46634.9,"High":46974.15,"Low":46566.8},{"upd_Date":"2024-03-26T00:00:00","price":46600.2,"volume":171655734,"Open":46552.95,"High":46788.35,"Low":46529.05},{"upd_Date":"2024-03-27T00:00:00","price":46785.95,"volume":285050400,"Open":46643.45,"High":46956.1,"Low":46643.45},{"upd_Date":"2024-03-28T00:00:00","price":47124.6,"volume":347979603,"Open":46827.85,"High":47440.45,"Low":46827.85},{"upd_Date":"2024-04-01T00:00:00","price":47578.25,"volume":134089417,"Open":47391.05,"High":47646.8,"Low":47373.1},{"upd_Date":"2024-04-02T00:00:00","price":47545.45,"volume":183398624,"Open":47490.75,"High":47707.35,"Low":47408.55},{"upd_Date":"2024-04-03T00:00:00","price":47624.25,"volume":283779413,"Open":47350.25,"High":47676.95,"Low":47279.8},{"upd_Date":"2024-04-04T00:00:00","price":48060.8,"volume":324271925,"Open":48086.2,"High":48254.65,"Low":47712.7},{"upd_Date":"2024-04-05T00:00:00","price":48493.05,"volume":214305236,"Open":48104.65,"High":48557.4,"Low":47894.5},{"upd_Date":"2024-04-08T00:00:00","price":48581.7,"volume":263381555,"Open":48586.75,"High":48716.95,"Low":48424.65},{"upd_Date":"2024-04-09T00:00:00","price":48730.55,"volume":147583296,"Open":48810.8,"High":48960.75,"Low":48568.25},{"upd_Date":"2024-04-10T00:00:00","price":48986.6,"volume":247065747,"Open":48879.55,"High":49057.4,"Low":48669.25},{"upd_Date":"2024-04-12T00:00:00","price":48564.55,"volume":207985339,"Open":48671.2,"High":48882.65,"Low":48477.55},{"upd_Date":"2024-04-15T00:00:00","price":47773.25,"volume":197115142,"Open":48057.5,"High":48255.5,"Low":47725.8},{"upd_Date":"2024-04-16T00:00:00","price":47484.8,"volume":186069576,"Open":47436.7,"High":47609,"Low":47316.55},{"upd_Date":"2024-04-18T00:00:00","price":47069.45,"volume":186371057,"Open":47592.7,"High":47829.75,"Low":46982.15},{"upd_Date":"2024-04-19T00:00:00","price":47574.15,"volume":164580371,"Open":46744.95,"High":47668.7,"Low":46579.05},{"upd_Date":"2024-04-22T00:00:00","price":47924.9,"volume":177719481,"Open":48145.7,"High":48146.3,"Low":47628.45},{"upd_Date":"2024-04-23T00:00:00","price":47970.45,"volume":141110604,"Open":48299.6,"High":48302.7,"Low":47899.3},{"upd_Date":"2024-04-24T00:00:00","price":48189,"volume":112159300,"Open":48120.9,"High":48246.2,"Low":48028.7},{"upd_Date":"2024-04-25T00:00:00","price":48494.95,"volume":337412581,"Open":47772.65,"High":48625.45,"Low":47737.2},{"upd_Date":"2024-04-26T00:00:00","price":48201.05,"volume":208118242,"Open":48660,"High":48679.65,"Low":48088.25},{"upd_Date":"2024-04-29T00:00:00","price":49424.05,"volume":327134115,"Open":48359.9,"High":49473.6,"Low":48342.7},{"upd_Date":"2024-04-30T00:00:00","price":49396.75,"volume":402874252,"Open":49477.1,"High":49974.75,"Low":49249.9},{"upd_Date":"2024-05-02T00:00:00","price":49231.05,"volume":291857104,"Open":49262,"High":49529.35,"Low":49123.6},{"upd_Date":"2024-05-03T00:00:00","price":48923.55,"volume":222964426,"Open":49375.05,"High":49607.75,"Low":48659.7}]

[{"XCHNG":"NSE","Upd_Time":"2024-05-03T00:00:00","open_Price":49375.05,"High_Price":49607.75,"Low_Price":48659.7,"Price":48923.55,"BBuy_Qty":null,"BBuy_Price":null,"BSell_Qty":null,"BSell_Price":null,"Total_Trade":0,"Value":0,"Volume":0,"Oldprice":49231.05,"PriceDiff":-307.5,"change":-0.6246058127949738,"Net_TrdQty":0,"HI_52_WK":49974.75,"LO_52_WK":42105.4,"H52DATE":"2024-04-30T00:00:00","L52DATE":"2023-10-26T00:00:00","sc_group":null,"CompLname":"Nifty Bank","Sc_code":"532049","ListInfo":"listed","B52HighAdj":49974.75,"b52LowAdj":42105.4,"isin":null,"symbol":"BANKNIFTY"}]

{"buy_point":[{"en_ltd":"2024-04-22","en_sup_p_91":"47740.87","en_sup_t_91":"47275.36","prev_close":"47574.15","en_close":"47924.90","new_date":"Apr 22","prev_close_no":47574},{"en_ltd":"2024-03-28","en_sup_p_91":"46868.31","en_sup_t_91":"46570.52","prev_close":"46785.95","en_close":"47124.60","new_date":"Mar 28","prev_close_no":46785}],"sell_point":[{"en_ltd":"2024-05-03","en_sup_p_91":"48938.98","en_sup_t_91":"49811.17","prev_close":"49231.05","en_close":"48923.55","new_date":"May 3","prev_close_no":49231},{"en_ltd":"2024-04-15","en_sup_p_91":"48374.34","en_sup_t_91":"48520.48","prev_close":"48564.55","en_close":"47773.25","new_date":"Apr 15","prev_close_no":48564}]}

EquityPandit

Get Daily Prediction & Stocks Tips On Your Mobile

EquityPandit