Tag Archives: nifty bank outlook

Nifty Bank: Key levels to watch out for on Friday – Blue Barrows

Ahead of the RBI policy outcome on Friday, which would determine the further directional movement of Bank Nifty, the index formed a Bearish candle on the daily scale and closed with a loss of 112 points. It has been making lower highs and lower lows for the last seven sessions. Analysts see Nifty Bank’s support […]

Nifty Bank: Key levels to watch out for on Thursday – Blue Barrows

As RBI’s three-day monetary policy committee meeting began on Wednesday, Nifty Bank ended the day 1.5% lower after losing nearly 600 points. The banking index failed to protect its 50-DMA and was below 5 out of 9 oscillators. On the daily charts, it formed a bearish candle and has been making lower highs and lower […]

Nifty Bank: Key levels to watch out for on Tuesday – Blue Barrows

Under pressure for the fourth day in a row, Nifty Bank ended Monday with a loss of over 900 points. The banking index formed a bearish candle on the daily scale. On the daily charts, the index formed three black crow patterns, indicating that bears have taken control. Chart readers say that till the 39,800 […]