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Technical Analysis, Price Target, Support, Resistance, Charts of
Bank Nifty Index

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Latest Updates on Bank nifty

Bank nifty futures on 22nd February 2017 closed almost flat, it opened Rs. 20901.55, high Rs. 20927, low Rs. 20816.20 and closed at Rs. 20858.70, up by Rs. 14.60 (0.07%), some of the bank stock which showed some action are KTK Bank (4.20%), AXIS Bank (4.15%).

Technically bank nifty futures finding strong trend line resistance at current levels, further price rise expecting once it holds above its recent high @ Rs. 20927.

Bank nifty futures on 16-02-2017 closed higher with a marginal gain of Rs. 98.05 at 20302.45 (+0.49%). Not much movement seen in banking sector. Technically Bank nifty stuck in a range bound pattern and intraday bulls action expecting once it holds above its resistance zone Rs. 20470.

Bank nifty futures on 15th February 2017 closed 20215.70 with a loss of Rs. -82.95 (0.41%) BankNifty opened 20318.90 made a high 20398.20 after that market witnessed selling and made a low at 20153.05. Technically it is moving in a range and will see bulls action expecting if closes and holds above 20470 and will favor bears if closes and holds below 20055.

Bank nifty futures on 01st February 2017 closed with a strong positive note, it showed long bullish candle after union budget 2017 announced and Bank nifty futures closed at 20113 up by 2.68% (+ Rs.524.55) in NSE derivative market. The major boost come from bank stocks like Bank of Baroda, State bank of India, Canara bank, Indusind bank and more. all of them were up between 2% to 5%.