Bank Nifty prediction today

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

Market View

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

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

R4R3R2R1PivotS1S2S3S4
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

Stock NameCMPChange (%)Market Cap (Cr.)SectorPiotroski 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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