BANK NIFTY Recap 15-Jan-21

NIFTY BANK and Market Outlook with chart, News and Events Effects on Market 15-Jan-21(Friday)

Today Market trade in negative zone

Economic Events:-

Deposit Growth YoY JAN/01                Previous:11.3%     Current: 11.5%

Foreign Exchange Reserves 08/JAN     Previous:$585.32B  Current: $586.1B

Bank Loan Growth YoY JAN/01          Previous:6.1%          Current: 6.7%

Balance of Trade Final DEC                 Previous:$-9.87B%  Current: $-15.44B

Exports Final DEC                                Previous:$23.52B    Current: $27.15B

Import Final DEC                                  Previous:$33.39B    Current: $42.59B

Events Data from: Trading Economics

News :-

IMF(International Monetary Fund) Says Farm Bill Have Potential represent A significant Step Forward for Agricultural Reforms in India

Passenger Cal sales Jump 8.26% on Year in December 2020

RBI Announces Open Market Operations Purchase of Government of Indian Securities for RS 10000 Crore

Indian Merchandise Exports Up Slightly On Year December 2020

News Data From: Capital Market

Support and Resistant for Monday:-

NIFTY Support :- 14550.05                    NIFTY Resistant:-14594.35

NIFTY BANK Support:-32600              NIFTY BANK Resistant:-32600

BANK NIFTY Recap 14-Jan-21

BANK NIFTY Recap and Market Outlook with News, Events effects on Chart 14-Jan-21(Thursday)

Today Bank Nifty Open Positive and Trade Choppy Session no High Volatility on Expiry

Today Nifty and Nifty Bank Weekly Expiry

Economic Events:-

WPI Manufacturing YoY Dec  Previous:2.97%  Current: 4.24%    (WPI=Wholesale Price Index)(YoY= Year of Year)

WPI Food YoY Dec            Previous:3.94%  Current:-1.11%   

WPI Fuel YoY Dec             Previous:-9.87% Current:-8.72%

WPI Inflation YoY Dec      Previous:1.55%  Current: 1.22%

Events Data from: Trading Economics

News:-

Paddy Procurement Jumps Around 26.50% On Year

RBI Financial Stability And Development Council Discuss Scope for Improvements in Insolvency Resolution Under IBC

Currency in Circulation Rise 14.3% This financial

Wholesale Price Inflation Moderates, Food Price See Sharp Deceleration

News Data From: Capital Market

Support and Resistant for Friday:-

NIFTY Support :- 14550.05                   NIFTY Resistant:-14639.80

NIFTY BANK Support:-32600              NIFTY BANK Resistant:-32480

NIFTY BANK Recap 13-Jan-21

NIFTY BANK and Market Recap and Outlook with chart, Events and News Effects on Market 13-Jan-21

Today Market Open Positive and Trade Negative Zone in Mid Session

After 2:00 PM Trade UP Side in Pre Session Reason of Global Market Open Positive

Economic Events:-

1. M3 Money Supply Previous: 12.4% Current:

2. Trade Deficit Government Previous: $9.87B Current:                            (B=Billion)

News:-

Consumer Price Inflation Softens Sharply

IIP Contacts Nearly 2% in November 2020

Kerala Successfully Undertakes Ease of Doing Business Reform

News source:- Capital Market

Support and Resistant for Thursday:-

NIFTY SUPPORT:- 14473.80 NIFTY RESISTANT:-14639.80

NIFTY BANK SUPPORT:-32603    NIFTY BANK RESISTANT:-32480

NIFTY BANK Recap 12-Jan-21

NIFTY BANK and Market Outlook with News, Events and Chart Effects on Market 12-Jan-21

Today Market Open Negative But Trade Positive and Close Day High

Today Market Trade Sideways in Green Zone

Economic Events:-

1. CPI (Yoy) Numbers Previous: 6.93% Current: 4.59%

2. Cumulative Industrial Production Numbers (YoY)Previous: -17.50% Current: -15.50%

3. Industrial Production(YoY) Previous: 3.6% Current: -1.9%

3. Manufacturing Output (MoM) Previous:3.5% Current:1.7%

Where:-CPI=(Consumer Price Index) YoY=(Year on Year) MoM=(Month of Month)

News:-

Private Sector Capex Cycle Should Revive as Growth Impulses Take Root Says RBI Governor

Government of India Announces sale four Dated Securities

News source:-Capital Market

Support and Resistant for Wednesday:-

NIFTY SUPPORT:-14473.80     NIFTY RESISTANT:- 14253.75

NIFTY BANK SUPPORT:-31849.95    NIFTY BANK RESISTANT:-32480

NIFTY BANK Recap 11-Jan-21

NIFTY BANK Recap and Market Outlook with News and Events Effects on Chart 11-Jan-21

Today Market Open Positive But Trade in Negative Zone

Today High Volatility on Market Reason of U.S. Democrat Result

News:-

Banks NPA Rise to 14.8% by September 2021 RBI Financial Stability Report source-Capital Market

News source:- Capital Market

Today no Major Economic Events in India

Support and Resistant for Tuesday:-

NIFTY SUPPORT:- 14474.05 NIFTY RESISTANT:-14253.75

NIFTY BANK SUPPORT:-31875    NIFTY BANK RESISTANT:-32480

NIFTY BANK recap 08-Jan-21

NIFTY BANK Recap and Market Outlook with News, Events effect on Chart 08-Jan-21(Friday)

Today market open positive and trade 

Today Nifty Bank open Positive but trade on Negative Zone Medium volatility on Nifty Bank

Today Economic Events and Data-

Foreign Exchange Reserves:-Current-$585.32B Previous-$580.84B (B=billion)

Today News

The NIFTY up reason New Democratic-controlled U.S.A Government support the country economic recovery

Support and Resistant for Monday

NIFTY support              -14258.40

NIFTY resistant             -14253.75

NIFTY BANK support  -31875.00

NIFTY BANK resistant-32305.10

NIFTY BANK Recap 07-Jan-21

NIFTY BANK Recap and Market Outlook with the chart, News and Events on 07-Jan-21(Thursday)

Today Nifty and Nifty Bank Open Positive but Trade in Negative Zone.

Today Nifty and Nifty bank Weekly Expiry

Today High Volatility in Market

Today No Any Economic events in India

Toda global news Joe Biden elected for President U.S.A.

RBI Reported Reserve Money Expands 9.7% in this FY

Tomorrow Support and Resistant

Bank nifty support  - 31875.00

Bank nifty Resistant- 32106.05

Nifty Support           -14075.15

Nifty Resistant         -14253.75

NIFTY BANK Recap 06-Jan-21

NIFTY BANK Recap and Market Outlook with the chart, News and Events Effects on 06-Jan-21(Wednesday)

Today NIFTY and NIFTY BANK Open Flate and Trade with High Volatility last day before Weekly Expiry

Today Selling Pressure High and Profit Book Day

Today Indian Economic Events:-Services PMI Numbers Release | Previous-53.7 Current-52.3

Today News US-China Tension

Asian Market ended Lower reason of Investor Waited for the U.S. Runoff Elections Results

Tomorrow NIFTY Support and Resistant:-            Support=14075              Resistant=14241

                  NIFTY BANK Support and Resistant:- Support=31130             Resistant=31875

 

NIFTY BANK Recap 05-Jan-21

NIFTY BANK Recap and Market Outlook with chart, News and Events Effects 05-Jan-21(Tuesday)

Today Market Open Positive and Trade All Time High

Today Global Sentiment Positive and Asian Development Bank and Indian Government Sign $100 million Loan Positive News For Banks

Today Bank Result Positive like IndusInd Bank

Today Major Rally on Index by Banks

Today Technical Chart Show Bullish Signal on NIFTY BANK

Today Economic News:-

The Asian Development Bank and Indian Government Sign $100 million Loan to Upgrade Power Distribution system in Bengaluru 

Government of India Announces the sale of 3.96% Government Security Amount of 27000 Crore

Domestic Sugar Output up 42%

News Data from:-Capital Market

Tomorrow Support and Resistant for NIFTY and NIFTY BANK

NIFTY               Support = 14075.15  Resistant= 13741.09

NIFTY BANK   Support = 31130.00  Resistant= 31450.25

NIFTY BANK Recap 04-Jan-21

NIFTY BANK Recap and Market Outlook with Chart, News and Events Effects | 04-Jan-21(Monday)

Today Market Open Positive and Profit Booking Day and Trade all Time High

Today NIFTY BANK Open Positive and Trade Negative After PMI Numbers

Today Key events PMI Number India  PMI(Purchasing Managers Index)

Result:-Current=56.4 Previous=56.3

Indian Events 

Export(USD) DATA  = 26.89B  (B=Billion)  Previous=23.52B

Import (USD) DATA = 42.60B   (B=Billion)  Previous=33.39B

Trade Balance DATA = -15.71B  (B=Billion)  Previous= -9.872B

NIFTY Support and Resistant for Tomorrow:-Support=14104 and Resistant=13741

NIFTY BANK Support and Resistant Tomorrow:-Support=31060 and Resistant=31450

NIFTY BANK Recap 01-Jan-21

NIFTY BANK Recap and Market Outlook with chart and news on 01-Jan-21(Friday)

Market Open Positive and Trade Rangebound on 01-Jan-21

GST Collection Hits records High over 1.15 Lakh Crore in December 2020

NIFTY BANK Trade Today Rangebound

Today Global Market Close Reason of New Year Celebration

Today No Major Events of Markets

WHO Clears Pfizer-BioNTech Vaccine for emergency Use(Source-The Indian Express)

Total Government Liabilities rise to 107.04 Lakh Crore in Q2(Source- Money control)