Today news
About the same in other media
Nifty Bank hits record high in an overall weak market; here's why
Reading now: 415
Nifty Bank hits record high in a overall weak market led by gains in Bank of Baroda (up 1.26%), State Bank of India (up 0.60%), and Kotak Mahindra Bank (up 0.53%). According to Rajesh Bhosale - Equity Technical and Derivative Analyst, Angel One, the long-awaited target of 46000 has now become a reality.
Technically, the overall chart structure remains attractive, indicating a bullish sentiment. However, it is important to acknowledge that the market is slightly overbought.
Therefore, it is advisable to refrain from complacency and consider booking profits at the higher levels. Levels wise, we observe a shift in the support base to the 45500-45600 zone now; whereas on the upside, the immediate hurdle lies in the range of 46300-46500.
Read more on livemint.comAbout this in other media
Dividend Stocks: RITES, Karur Vysya Bank, among 7 stocks to trade ex-dividend today - August 7 livemint.com /1 year ago
Sensex Today | Share Market Live updates: Sensex, Nifty expect gains at start; Gift Nifty in green livemint.com /1 year ago
Stock Radar: Indian Hotels holding well above 50-DEMA and may hit fresh record highs. Time to buy? economictimes.indiatimes.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
