Nifty Bank

* As on 2023-02-02
BANKNIFTY 40669.3 +156.3 0.39%
52W L 52W H
Symbol :
BANKNIFTY
PE ratio :
16.22
PB ratio :
2.68
F&O :
Yes
Dividend Yield :
0.7
Volume :
348474505
Turnover :
9232.69 Cr.

Nifty Bank is a benchmark index. Its current P/E (price to earning) ratio is 16.16, and PB ratio is 2.67. Dividend Yield for BANKNIFTY is 0.7.

Support and Resistance Targets

These pivot points are useful to get an ideas of target, reversal or breakout levels. intraday daily target (03-Feb-2023), weekly and monthly share price target for Nifty Bank.

Target Daily This week This Month
R3 42026.93 44176.2 46995.9
R2 41392.27 43627.55 45287.15
R1 41030.78 42637.6 42837.3
PP 40396.12 42088.95 41128.55
S1 40034.63 41099 38678.7
S2 39399.97 40550.35 36969.95
S3 39038.48 39560.4 34520.1

As on 2023-02-02 BANKNIFTY price closed at 40669.3. It was up 156.3 points from its previous day close of 40513. No one can predict or forcast the movement of the Index. But our estimated idea is that certain levels are important for the Nifty Bank. Tomorrow if it moves upside then 40943.24 could act as Resistance point and if it moves downside then 40395.36 level could act as support. Check the other more SR levels where BANKNIFTY could react.

On up side 40943.24 could act as resistance
On down side 40395.36 could act as support

Technical Indicators & Moving Averages

SMA = Daily Simple moving average, EMA = Daily exponential moving average, RSI = Relative Strength Index. Technical indicators are useful for traders.

20 SMA
42256.78
20 EMA
42004.78
50 SMA
42595.67
50 EMA
41976.98
100 SMA
41040.91
100 EMA
40934.38
200 SMA
41040.91
200 EMA
40934.38
RSI
31.57
Will R
-70.12
MACD
-281.33
MACD Signal
-425.99

Today Nifty Bank closed above the 30 days EMA.Today Nifty Bank closed below the 200 days EMA. RSI of HERIT-RE is in Mid Range. MFI is in oversold zone.

Closed above 30 days EMA
Closed below 200 days EMA
RSI is in mid range
MFI is in oversold zone
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