NIFTY BANK PERFORMANCE OF THE WEEK-53/2020

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Market’s performance was good in this week-53 and it performed 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 performance. In week-52 at Monday nifty bank opened with minor down gap value and then performed with much volatility toward both trend direction (bullish and bearish) during this week nifty bank has no particular trend direction at Monday nifty bank gave a big down fall that was less than -4.00% loss after Monday it turned toward positive bullish trend direction due to this volatile performance at Thursday nifty bank closed with big loss for weekly performance. In week-53 at Monday nifty bank opened with minor positive gap value and then performed with much volatility toward both trend direction but during this week sensex and nifty 50 performed with average volatility toward stable bullish trend due to this volatile performance nifty bank closed with good gain at end day (Friday) of the week.

In week-52 at Monday nifty bank opened with minor down gap value (-118.85), 30595.80 points and at Thursday closed with 30402.20 points and it gave (-1.02%) loss for entire weekly performance during this week nifty bank performed in very large negative range (-312.45) points. It made resistance level 30500+ points and support level 29400+ points. In week-53 at Monday nifty bank opened with minor positive gap value (+156.65), 30558.85 points and at Friday closed with 31225.85 and it gave (+2.71%) gain for entire weekly performance during this week nifty bank performed in long range (+823.65) points and it made resistance level 31400+ points and support level 30500+ points. After analyzed both weeks nifty bank’s performance we can say week-53 was good for banking sector as compare than week-52 performance.

Nifty bank‘s performance in this week-53 such as, at Monday nifty bank opened with 30558.85 and closed with 30880.95 (+1.57%) gain. At Tuesday nifty bank opened with 31006.90 and closed with 31322.50 (+1.43%) gain. At Wednesday nifty bank opened with 31479.80 and closed with 31303.05 (-0.06%) loss. At Thursday nifty bank opened with 31295.90 and closed with 31264.05 (-0.12%) loss. At Friday nifty bank opened with 31297.30 and closed with 31225.85 (-0.12%) loss.

*Nifty Bank’s Performance Table Of The Week-53 Given As Below:

*Nifty Bank’s Top Gainer Stocks Of The Week-53 Given As Below:


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