NIFTY BANK PERFORMANCE OF THE WEEK-51/2020

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Market’s performance was good in this week-51 with average volatility toward stable 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’s performance. In week-50 at Monday nifty bank opened with same as previous value and then it performed with high volatility toward strong bullish trend during this week nifty bank gave one positive bounce that was greater than +1.00% and also gave minor down fall at weekly expiry due to this volatile performance at end day (Friday) of the week closed with good gain for weekly performance. In week-51 at Monday nifty bank opened with minor gap value and then it performed with high volatility in both trend direction (bullish and bearish trend direction) in that week banking sector had no any particular trend direction during this week nifty bank gave two negative down fall due to this performance in both trend direction banking sector performed in very short range and closed with minor gain for weekly performance.

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 weekly performance during this week nifty bank performed in +552.45 points range and it made resistance level 30700+ points and support level 30000+ points. In week-51 at Monday nifty bank opened with minor gap value (+130.30), 30735.15 points and at Friday closed with 30714.65 points and it gave (+0.36%) gain for weekly performance during this week nifty bank performed in very short range +109.80 points and it made resistance level 30900+ points and support level 30600+ points. After analyzed both weeks nifty bank’s performance we can say week-50 was good for banking sector and in that week banking sector performed in long range value.

Nifty bank performance in this week-51 such as, at Monday nifty bank opened with 30735.15 and closed with 30745.90 (+0.46%) gain. At Tuesday nifty bank opened with 30805.40 and closed with 30691.05 (-0.18%) loss. At Wednesday nifty bank opened with 30920.35 and closed with 30698.40 (+0.02%) gain. At Thursday nifty bank opened with 30791.20 and closed with 30847.05 (+0.48%) gain. At Friday nifty bank opened with 30841.85 and closed with 30714.65 (-0.43%) loss.

*Nifty Bank’s Performance Table Of The Week-51 Given As Below:

*Nifty Bank’s Top Gainer Stocks Of The Week-51 Given As Below:


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