NIFTY BANK PERFORMANCE OF THE WEEK-42/2020

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Market’s performance was not good in this week-42 as comparison with last week-41 performance in that week market was stable at bullish trend and it was increasing day by day during that week nifty bank gave two high positive bounce that was greater than +2.00% we can say nifty bank was much volatile toward positive bullish trend as comparison with other sectors but performance in this week-42 was opposite performance of week-41, in this week-42 nifty bank was much volatile at starting days of week and the result happened at week expiry nifty gave high down fall that was less than -3.00% so overall performance changed into negative bearish trend.

In week-41 at Monday nifty bank opened with positive gap value (+106.10), 22352.10 points and at Friday closed with 23846.80 points, it gave (+7.19%) gain during this week nifty bank made strong resistance level 23800+ points and support level 22300+ points. In week-42 at Monday nifty bank opened with positive gap value (+108.80), 23955.60 points and at Friday closed with 23533.25 points, it gave (-1.31%) loss during this week nifty bank performed between two levels, resistance level 23900+ points and support level 23000+ points. So overall market was bearish but at last Friday nifty bank gave a positive signal for banking sector.

Nifty bank‘s performance in this week-42 such as, at Monday nifty bank opened with 23955.60 and closed with 23712.80 (-0.56%) loss. At Tuesday nifty bank opened with 23663.05 and closed with 23492.20 (-0.93%) loss. At Wednesday nifty bank opened with 23353.15 and closed with 23874.65 (+1.63%) gain. At Thursday nifty bank opened with 23920.35 and closed with 23072.40 (-3.36%) loss. At Friday nifty bank opened with 23219.85 and closed with 23533.25 (+2.00%) gain.

*Nifty Bank’s Top Gainer Stocks Of The Week-42 Given As Below:


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