NIFTY BANK PERFORMANCE OF THE WEEK-49/2020

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Market’s overall performance was good in this week-49 with high volatility toward strong bullish trend from start to end of the week. If we analyzed both weeks nifty bank’s performance then we get a proper conclusion on which week was good for banking sector. In week-48 at Monday nifty bank opened with minor positive gap value and then it performed with much volatility in both trend direction but it’s performance was opposite to other market indices during this week-48 nifty bank gave two positive bounce that was greater then 1.00% gain and also gave one down fall that was less then -1.50% due to this volatile performance nifty bank closed with good gain for weekly performance. In week-49 at Tuesday nifty bank opened with minor positive gap value and then performed with much volatility in both trend direction during this week nifty bank appeared same as performance of week-48 nifty bank performance, due to this volatile performance banking sector closed with a positive good gain for weekly performance.

In week-48 at Monday nifty bank opened with minor positive gap value (+196.80), 29432.80 points and at Friday closed with 29609.05 points and it gave (+1.27%) gain for entire weekly performance during this week nifty bank performed between resistance level 30000+ points and support level 29000+ points. In week-49 at Tuesday nifty bank opened with minor positive gap value (+235.75), 29844.80 points and at Friday closed with 30052.40 points and it gave (+1.49%) gain for entire weekly performance during this week nifty bank performed between resistance level 30000+ points and support level 29400+ points. So after analyzed both weeks nifty bank’s performance we can say no big difference between both weeks performance and that was approximately same. If we compare both weeks performance then we can say week-49 was good for banking sector as compare then week-48.

Nifty bank performance in this week-49 such as, at Tuesday nifty bank opened with 29844.80 and closed with 29817.85 (+0.71%) gain. At Wednesday nifty bank opened with 29876.70 and closed with 29463.15 (-1.19%) loss. At Thursday nifty bank opened with 29728.90 and closed with 29448.75 (-0.05%) loss. At Friday nifty bank opened with 29573.40 and closed with 30052.40 (+2.05%) gain.

*Nifty Bank’s Performance Table Of The Week-49 Given As Below:

*Nifty Bank’s Top Gainer Stocks Of The Week-49 Given As Below:


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