viswaram

25 Jul ’23 Post Mortem on FinNifty | 209pts up in a week

NSE:CNXFINANCE   Nifty Financial Services Index
Finnifty has actually moved up 209pts ~ 1.03% between the last expiry and today. What this means is the recent reversal in Nifty is yet to reach the financial service index. Moreover the finance sector esp. Banks were looking strong throughout the last week.

FinNifty had a decent expiry today, closing almost flat +0.13%, well it is quite hard to believe when it had almost fallen 0.95% ~ 196pts from the open to 13.35. It was harder to see how it recovered 0.85% ~ 173pts from that in the short interval 13.35 to 14.55. If not for the V shaped recovery we would have had not so exciting weekly gains!

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