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padiyara
Feb 15, 2017 6:29 PM

BankNifty 20164. Trading below 20140 BN will drift down to 20075 

Nifty Bank IndexNSE

Description

BankNifty 20164. Trading below 20140 BN will drift down to 20075 _19980
if not supported at 19980 it can come down to 19435.
only above 20185 we can expect further up.
Comments
vanathi
Will see what bn do today. Hope it will find its support.
padiyara
@vanathi,

The index majosr are making a poor show

Tata Motors posts 96 percent profit plunge…
Sun Pharma's profits drop as U.S. sales hit by pricing, supply issues..
Infosys seeks to reassure investors over governance…
padiyara
@vanathi,
Also the banking sector there is no positive outlook.

India Ratings briefs media on macroeconomic and banking sector
outlook for next fiscal year…
Federal cabinet meet….
Bank of Baroda sees growth in bad loans slowing…
Also the State Bank Head meeting with Korea
in tie-up with Korea Development Bank, all brings forth a casual outcomes.


vanathi
@padiyaraa, So many reasons we have.
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