NIFTY BANK PERFORMANCE OF THE WEEK-50/2020

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Market’s performance was good in this week-50 with average volatility toward strong bullish trend from start to end of the week. In this analysis we will analyze both weeks nifty bank’s performance then we get a proper conclusion on which week was good for nifty bank. In week-49 at Tuesday nifty bank opened with minor positive gap value and then it performed with high volatility toward both trend direction bullish as well as bearish trend during this week nifty bank gave one high positive that was greater than +2.00% gain and also gave one down fall that was less than -1.00% loss due this volatility entire market closed with good gain for weekly performance. In week-50 at Monday nifty bank opened with same as previous value and then it performed with average volatility from start to end of the week during this week nifty bank gave a positive bounce that was greater than +1.00% gain and also gave a minor down fall due to this stable performance nifty bank closed with good gain for entire week performance.

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 and it gave (+1.50%) gain for entire weekly performance during this week nifty bank performed between resistance level 30000+ points and support level 29400+ points. In week-50 at Monday nifty bank opened with same as previous value 30062.60 points and at Friday closed with 30604.85 points and it gave (+1.84%) gain for entire weekly performance during this week nifty bank performed between resistance level 30700+ points and support level 30000+ points. After analyzed both weeks nifty bank’s performance we can say week-50 was good for banking sector as compare than week-49 but week-49 was much volatile.

Nifty bank‘s performance in this week-50 such as, at Monday nifty bank opened with 30062.60 and closed with 30211.55 (+0.53%) gain. At Tuesday nifty bank opened with 30300.30 and closed with 30261.90 (+0.17%) gain. At Wednesday nifty bank opened with 30335.05 and closed with 30709.40 (+1.48%) gain. At Thursday nifty bank opened with 30545.35 and closed with 30510.35 (-0.65%) loss. At Friday nifty bank opened with 30555.30 and closed with 30604.85 (+0.31%) gain.

*Nifty Bank’s Performance Table Of The Week-50 Given As Below:

*Nifty Bank’s Top Gainer Stocks Of The Week-50 Given As Below:


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