NIFTY BANK PERFORMANCE OF THE WEEK-46/2020

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Market’s performance was good in this week-46 with high volatile bullish trend for entire week performance due to this performance overall market closed with good gain at end of the week. If we analyze both of weeks performance then we get proper conclusion, In week-45 at Monday nifty bank indices opened with large gap value then it performed with much volatility toward bullish trend in this week nifty bank gave four high positive bounce that was greater than 1.50% gain due to this performance nifty bank closed with high gain for entire week performance. If we talk about in week-46 at Monday nifty bank opened with average positive gap value then it performed with much volatility till Tuesday and gave two high positive bounce that was greater than 2.50% gain but after Tuesday it performed stable bullish trend due to this performance nifty bank closed with good gain for entire week performance. In this analysis we saw nifty bank good in both weeks but as comparison with both week’s performance then we can say nifty bank was much volatile in week-45.

In week-45 at Monday nifty bank opened with large gap value (+466.70), 24367.60 points and at Friday closed with 26798.95 points and it gave (+12.12%) gain for entire week performance, during this week nifty bank performed between resistance level 26700+ points and support level 24300+ points. In week-46 at Monday nifty bank opened with average gap value (+290), 27088.95 points and at Friday closed with 28465.70 points and it gave (+6.21%) gain for entire week performance, during this week nifty bank performed between resistance level 28800+ points and support level 27000+ points in this week nifty bank made strong resistance level then we can say banking sector was strong. So we saw in analysis nifty bank has been performing good since last week.

Nifty bank‘s performance in this week-46 such as, at Monday nifty bank opened with 27088.95 and closed with 27534.10 (+2.74%) gain. At Tuesday nifty bank opened with 28039.45 and closed with 28606.00 (+3.89%) gain. At Wednesday nifty bank opened with 28713.15 and closed with 28845.00 (+0.84%) gain. At Thursday nifty bank opened with 28633.75 and closed with 28278.80 (-1.96%) loss. At Friday nifty bank opened with 28108.70 and closed with 28465.70 (+0.66%) gain.

*Nifty Bank’s Performance Table Of The Week-46 Given As Below:

*Nifty Bank’s Top Gainer Stocks Of The Week-46 Given As Below:


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