Get started
Nifty Private Bank IndexNifty Private Bank IndexNifty Private Bank Index

Nifty Private Bank Index

No trades
See on Supercharts
Overview
Ideas
Discussions Seasonals Components

NIFTYPVTBANK trade ideas

Nifty Private Bank Index The **Nifty Private Bank Index** is a sectoral index that tracks the performance of private sector banks listed on the National Stock Exchange (NSE) of India. This index serves as a benchmark for investors who want to gauge the performance of private banking stocks within the Indian market. Here are some key details about the Nifty Private Bank Index: ### Components The Nifty Private Bank Index includes major private sector banks in India. Some of the well-known banks typically part of this index are: - HDFC Bank - ICICI Bank - Axis Bank - Kotak Mahindra Bank - IndusInd Bank - Yes Bank - Federal Bank - RBL Bank ### Criteria for Inclusion - **Liquidity**: The stocks must have high liquidity and are generally among the top traded in the private banking sector. - **Market Capitalization**: Companies with larger market capitalization have a higher weight in the index. - **Free-float Methodology**: The index is calculated using the free-float market capitalization method, which considers only the shares available for trading in the market. ### Purpose - **Benchmarking**: It serves as a benchmark for mutual funds and portfolio managers who invest in private banking stocks. - **Market Sentiment**: Reflects investor sentiment and performance trends in the private banking sector. - **Investment Product**: Used as an underlying index for various investment products like ETFs and index funds. ### Performance - The performance of the Nifty Private Bank Index is closely tied to the financial health and growth prospects of the private banking sector in India. - Factors influencing its performance include changes in interest rates, credit growth, regulatory policies, and overall economic conditions. This index is widely followed by investors and analysts for its role in representing a significant portion of the financial sector in India.
NSE:NIFTYPVTBANKShort
by TheGoldenFarmsofEquity
Tech-Finance Synergy Could Boost Nifty This Week!Nifty It NSE:CNXIT The IT index has been in a consolidation phase for an extended duration and developed a Cup & Handle pattern. After breaking out, the index has effectively retested the breakout level and is now on an upward trajectory. In the past week, the index gained approximately 3% and is showing robust strength, with expectations for further upward movement. Nifty Private Bank NSE:NIFTYPVTBANK The Private Bank index is currently experiencing a positive upward trend. It previously established a Cup & Handle pattern, and following a breakout, the index saw substantial gains, consistently recording higher highs and lows. After hitting an all-time high near the 26,650 level, the Private Bank index retraced to its immediate support zone and is now rising once more. With a significant increase of almost 2.7% last week, the index seems to be in a bullish phase at present.
NSE:NIFTYPVTBANKLong
by GoodluckCapital
NIFTY PVT BANK DAILY.Nifty PVT Banks have turned here too. Market has to have financials support if it has to move up. Similarly, if it has to move down, it should have support from the major banks of the indices, as they have huge weightage in both Nifty and Banknifty. This index has also taken support here at trendline same as market indices. We can see a pullback now up to 24093 and then 24270 above can see new highs of the index along with BNF. Today's low will act as good support for longs. Below it the market can turn bearish again, if financials get weak again. Do your own analysis before taking any trade. Only for educational purposes.
NSE:NIFTYPVTBANKLong
by vivekkagarwal
Nifty Private Bank 23200 ? This weekNifty Private bank on weekly front formed Doji candle and on dialy front it is bearish candle no follow through after big bullish pin bar prior day, it means signaling more fall of 200 to 300 poitns downside from curret levels(23430) in comming days.Mentioned Support levels on lower side .In case it proves otherwise placed few Resistance levels on higher side also where sell reversal or breakout buy can be seen. Please watch price action on those mentioned levels.
NSE:NIFTYPVTBANK
by rakeshreddym
Head & Shoulder - Trend ReversalHii All... Greetings.... Today I'm sharing with you Daily Charts of Nifty Pvt. Bank, we can see a very clear Head & Shoulder Pattern which has already Formed. Head & Shoulder Pattern is Trend Reversal pattern. I'm currently having bearish view in Nifty Pvt. banks. However on closing basis if upper resistance is breached. The we can consider Failure of Head & Shoulder Pattern. Thanking You Nikhil Choudhary Important Things 1. This is only for educational purposes only. 2. Never over trade. 3. Always keep Stop Loss. 4. Trade in limited quantity. 5. Taking a small loss is better than wiping up your whole capital. I hope you found this idea helpful. Please like and comment. Share with Your Friends. Keep Learning, Happy & Safe Trading Disclaimer – These ideas shared by me to all are my personal analysis / views. Im not a SEBI registered technical analysis.
NSE:NIFTYPVTBANKShort
by NikhilChoudhary2023
NIFTY PVT bank spot cmp 21450Nifty pvt bank index have life time high around 21720, if index fails to sustain above 21720 levels and give daily close above that levels, than consideration of double top pattern around 21700 levels, from where reversal till levels of 20000 can be seen on initial basis, 2 consecutive close below 20000 levels might lead to further correction in pvt bank index, as per wolf wave formation , index if manage to close above 21720 level, than index might face resistance around 22250-22500 levels as per ascending wedge pattern formation, resistance live of wedge around 22250-22500 levels can be seen,, reversal confirmation on daily time frame would lead to maturity of wolf wave formation from where sharp fall till levels of 20000-19000 can be seen this view is conditional ,, will wait for confirmation of either of study to enter in any decision.. pls read the condition with focus and than decide.
NSE:NIFTYPVTBANK
by RUDRA007
Nifty Pvt Bank:Bow-Tie Diametric pattern nearing it's completion#Characteristics of Bow-Tie Diametric pattern *It's a seven legged Elliot / Neo wave corrective pattern *Wave A=G,B=F,C=E.wave D is connector. *Wave B takes less time then wave A took to form,and can correct wave A by more then 61.8%. #Reasons for not considering this entire swing as an impulse/triangle move *Wave B has retraced wave A more then 61.8%(In an impulse as per Neo wave , wave 2 does not retrace wave 1 by more then 61.8%) *Wave B took less time then wave A took to form.(In an impulse as per Neo wave , wave 2 takes more time then wave 1 took to form) *Wave C has not extended wave A by 161.8%.(In an impulse as per Neo wave ,either wave 3 or wave 5 extend's wave 1 by 161.8%) *Wave D enter's wave A territory.(Here it doesn't) #Findings/Analysis of this pattern *currently we are in 5th leg of this 7 leg's pattern.Price wise pattern has achieved wave E has achieved it's 100% extention target of wave C,hence going forward we can expect a downward movement of price in the form of wave F till 18165(100% extention target of wave B).Post wave F we can expect another move on the upside in the form of wave G(final leg of the pattern) which can take price in between 18690-18990,post which we can expect price to drop till 17300-17350 depending upon where wave G ends as per post pattern implication of Diametric pattern. #Possible Action that can be taken as a trader as per current scenario. *One should start exiting long's in part's if not fully exiting there long's. *Should wait for wave G to complete post which one can go short on the faster retracement of wave F's low. PS:Price path discribed here is an ideal path discribed in books as per Neo wave .Reality can defer. Disclaimer:Trade should not be taken solely on the basis of this analysis.Posting this just for my future reference.
NSE:NIFTYPVTBANK
by UNDERDOG-29
6