Nifty Bank

BANKNIFTY 51661.45 -121.8 -0.24% * As on 21-06-2024
52W Low 52W High
Symbol:
BANKNIFTY
PE ratio:
15.79
PB ratio:
2.98
F&O:
Yes
Dividend Yield:
0.8
Volume:
289444673
Turnover:
23707.52Cr.

Nifty Bank is a benchmark index. Its current P/E (price to earning) ratio is 15.79, and PB ratio is 2.98. Dividend Yield for BANKNIFTY is 0.8.

Support and Resistance Targets

These pivot points are useful to get an ideas of target, reversal or breakout levels. intraday daily target (22-Jun-2024), weekly and monthly share price target for Nifty Bank.

Target Daily This week This Month
R3 52698.28 51048.98 52625.32
R2 52316.32 50650.97 51157.08
R1 51988.88 50326.48 49919.72
PP 51606.92 49928.47 48451.48
S1 51279.48 49603.98 47214.12
S2 50897.52 49205.97 45745.88
S3 50570.08 48881.48 44508.52

As on 2024-06-21 BANKNIFTY price closed at 51661.45. It fell 121.8 points from its previous day close of 51783.25. 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 51856.54 could act as Resistance point and if it moves downside then 51466.37 level could act as support. Check the other more SR levels where BANKNIFTY could react.

On up side 51856.54 could act as resistance
On down side 51466.37 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
49665.83
20 EMA
49876.92
50 SMA
48773.88
50 EMA
48883.18
100 SMA
47642.16
100 EMA
47941.79
200 SMA
47642.16
200 EMA
47941.79
RSI
68.62
Will R
-13.06
MACD
724.29
MACD Signal
522.27

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

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