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Nifty Bank closes flat for the week; all eyes on 50,000 in June series: Experts

Nifty Bank closes flat for the week; all eyes on 50,000 in June series: Experts
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Nifty Bank outperforms; short-covering likely on a close above 49,000: Experts

Nifty Bank outperforms; short-covering likely on a close above 49,000: Experts
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Nifty Bank falls more than 600 points; next big support placed at 48,000: Experts

On Wednesday, the Nifty Bank witnessed a sharp decline of over 600 points, breaching the 49,000 mark, attributed to subdued global signals. Presently, a significant support level is identified at 48,000.

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Nifty Bank at 3-week high; 50K in sight but it requires to close above 49,600: Experts

On Monday, the Nifty Bank index continued its outperformance, marking its third consecutive day of gains. The banking index surged by 310 points, closing at 49,281. In contrast, the Nifty50 witnessed a slight decline of 24 points, closing below the 23,000 mark.

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Nifty Bank holds 48000; important levels to track on Wednesday

Nifty Bank snapped 3-day gains, fell 151 points to close in the red. Bandhan Bank, Bank of Baroda and SBI were among the top gainers from the index. The index held above the 50-DMA on the daily chart. The momentum could take it towards 48,400-48,500 levels.

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