Today's NIFTY And Bank NIFTY Post Market Analysis And Insights Ft. Devang Parmar

Stock Pathshala

In our all-new series of Daily Market Analysis and Insights for the indices, NIFTY and Bank NIFTY. And for the sole purpose of quality education in the stock market, a live analysis is carried out by Devang Parmar, an up and coming Securities Market Analyst. So what all can this dude tell you from just a glance of those freaky market charts, is beyond doubt, educational.

In a brief, Devang's analysis reveals that Nifty as on 02/05/2022 Monday is opening low about 100 points negative and test lower support of 16870 levels and with low of 16917.25 it bounce back above first near resistance 17014 and closes around 17069.10 which is (-33.45) points negative side and continue to trade on sideways movement.

On the other hand, Devang concludes that Bank NIFTY is close to the positive side. Bank nifty has tasted the level of 35580 and with the low of 35618.20 bounce back and make a high of 36235.25 and close around 36163.75 (+75.60) points and the reason behind major banks and quarterly earnings of housing finance giants HDFC ltd and axis and icici bank also make a big part of the comeback.
Now, if you wanna know more actionable insights about this, then you have to listen to this podcast to the very end. Hope you find it useful!!
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