BANK NIFTY
As on 13 Sep, 2024 04:14pm.
51938.05
165.65 ( 0.32 %)
*As mandated by Exchange & other statutory authorities, the data feeds are delayed by 15 mins.
Range
Daily
52 Weeks
Low
High
51643.95
51994.10
Open
51952.55
Prev.Close
51772.40
Volume
151963664
Intraday Outlook
The previous session's banking stocks showed strong buying interest, forming a long bullish candle and closing 0.39% positive. All the banking stocks ended in the green. Today's session started flat, and at higher levels, it is showing consolidation
Research Call
Buy call -Buy above 51897 for 51920 - 51980 Keeping SL 51830
Sell call- sell below 51730 for 51680-51630 Keeping SL 51780
Bank Nifty Technical Chart
Long term Outlook
The current resistance level (R1) is placed at 52,200, while the support level (S1) is at 51,800. It is currently trading at all-time high levels.
Long term Research Call
Buy call -Buy above 51887 for 51920 - 52000 Keeping SL 51800
Sell call- sell below 51750 for 51700-51630 Keeping SL 51830
Bank Nifty Long term Technical Chart
Market View
September 12th 2024
Market View
Resistance 51,300
Support 51,000
FII & DII Activities
Particular
FIIs
DIIs
Net Purchase/ Sales (Cr)
11 Sep 2024
+1,755
+230.9
MTD-May (Cr)
September
+6,541.06
+7,258.54
Driven by strong global cues, Indian markets opened higher on September 12, with Nifty crossing 25,000 and Sensex nearing the 82,000 mark.Sensex rose 330 points, or 0.4%, to 81,852, while Nifty gained 108 points, or 0.44%, to 25,025. Advancers outnumbered decliners, with 1,627 stocks rising, 436 falling, and 143 remaining unchanged.
Tata Steel, JSW Steel, and Bharti Airtel led the gainers, while Nestle India, M&M, and ICICI Bank were among the top losers.
Asian stocks climbed on Thursday, following a tech-driven rally on Wall Street as traders overlooked high core US inflation, focusing instead on anticipated rate cuts next week.
Global Market
September 12th 2024
NASDAQ
USA
17,395.53
369.65 2.17
11th September
Dow Jones
USA
40,872.83
12.12 0.03
11th September
FTSE
UK
8,193.94
-12.04 -0.15
11th September
DAX
GERMAN
18,330.27
64.35 0.35
11th September
GIFT Nifty
Singapore
25,098
119 0.48
12th September
NIKKEI 225
Japan
36,780.88
1,161.11 3.03
12th September
Shanghai
China
2,720.4
-1.4 -0.05
12th September
S&P 500
USA
5,554.13
58.61 1.07
11th September
Market at Closing
September 12th 2024
Top Gainers
| HINDALCO | 674.6 26.9 4.15 |
| BHARTIARTL | 1,634 56.2 3.56 |
| SHRIRAMFIN | 3,390 110.1 3.36 |
| NTPC | 402.75 13.1 3.36 |
Top Losers
| NESTLEIND | 2,524 -2.85 -0.11 |
| ADANIENT | 2,940 -46.4 -1.55 |
| BAJFINANCE | 7,244 -103.45 -1.41 |
| HEROMOTOCO | 5,678.2 -67.1 -1.17 |
Technicals
Pivot Advanced Levels
Check live levels for all scripts
Buy Above
51914.72
R1
51991.76
R2
52072.29
R3
52215.85
Stop Loss
51823.69
Pivot
51858.70
(All values are in INR)
Sell Below
51802.68
S1
51725.64
S2
51645.11
S3
51501.55
Stop Loss
51893.72
Pivot Basic Levels
| R4 | R3 | R2 | R1 | Pivot | S1 | S2 | S3 | S4 | |
| Classic | 52638.35 | 52423.60 | 52208.85 | 52073.45 | 51858.70 | 51723.30 | 51508.55 | 51373.15 | 51237.75 |
| Woodie | 52928.99 | 52463.28 | 52228.69 | 52113.13 | 51878.54 | 51762.97 | 51528.39 | 51412.82 | 50828.09 |
| Camarilla | 52130.63 | 52034.34 | 52002.24 | 51970.15 | 51858.70 | 51905.95 | 51873.86 | 51841.76 | 51745.47 |
Moving Averages
Bullish
Bearish
EMA
SMA
5 Day
46556.68
10 Day
45323.28
20 Day
44632.05
50 Day
43573.41
100 Day
42672.19
200 Day
41420.70
Momentum Oscillators
Stoch RSI
50.00
ROC
1.54
Ultimate
59.37
Williams
-3.45
CCI
155.35
Stochastic
95.36
RSI
53.57
Bullish
1
Bearish
2
Neutral
4
Trend Oscillators & Volatility
ATR
403.57
High Volatility
MACD
416.02
Bullish
Bullish
1
Bearish
0
Neutral
0
Nifty Stock List
Check all stocks
| Stock Name | CMP | Change (%) | Market Cap (Cr.) | Sector | Piotroski Score |
| HDFCBANK | 1665.95 | -0.039 | 1270035.78 | Banks | 3 / 9 |
| HDFCBANK | 604.5 | 1.0616 | 1270035.78 | Banks | 3 / 9 |
| ICICIBANK | 1250.35 | -0.1438 | 880938.7 | Banks | 8 / 9 |
| SBIN | 790.85 | 0.3935 | 705535.253 | Banks | 5 / 9 |
| AXISBANK | 1217.45 | 1.1717 | 376576.881 | Banks | 6 / 9 |
Disclaimer: Investment in securities/commodities market subject to market risk, read all the related documents carefully before investing/trading.
Analyst Certification: I/We, Ayushi Jain Research Analyst, authors, and the name subscribed to this report, hereby certify that all the views expressed in this research report accurately reflect our views about the subject issuer(s) or securities. We also certify that no part of our compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or view(s) in this report. NISM Research Analyst registration number – NISM-201900015194.
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