Banking index remained volatile in the defined range and finally settled marginally higher by 150 points - Religare Broking Ltd
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/08/c2d3300160340a5bc8a7f579841c8de9.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
NIFTY
*Nifty started the week with an uptick and gained nearly half a percent.
* Tone was mixed on the sectoral front. Metal and IT posted decent gains while auto and banking traded dull.
* Participants shouldn’t read much into intermediate rebound or a pause. Wait for decisive close above 19650 levels or a reversal pattern. ? Meanwhile, continue with stock-specific trading approach and maintain focus on risk management.
BANK NIFTY
* Banking index remained volatile in the defined range and finally settled marginally higher by 150 points.
* Barring HDFC Bank, all private banking major closed higher. Wherein Indusind Bank, Axis Bank and ICICI Bank were top gainers.
* Banking index witnessed some buying interest from the anticipated support zone of 43700. However, the major hurdle is placed at 44500 zone.
* Suggest limiting positions and wait for clarity over the next directional move.
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://www.religareonline.com/disclaimer
SEBI Registration number is INZ000174330
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/insurance 123.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Wipro.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/2b1715f7e03b51b0ac9c014eb224fc1f.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/gdp22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar retures 2.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/health22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Arvind Kapil, MD and CEO, Poonawalla Fincorp.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/stock8.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/cc796169e4f7c012914c95f4a8efe430.jpg)
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
![Weekly market outlook : The market is eagerly awaiting data on inflation and industrial production to provide further guidance Says Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/5f1fa5f12be5ac87ff9258ea3909f0f8.jpg)
![Nifty registers best week in 2 months after rising for 6 consecutive sessions](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/95f11bf3e1fc515ff0aed747520314dc.jpg)
![Market Quote : Benchmark Indices ended the week today just a few percentage away from record highs Says S Ranganathan, LKP securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/f33c3d1dad571464e55a94475ae32892.jpg)
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/04/c8b28418e9332a0f7c0e2f9891996e24.jpg)
Despite the alarming fall yesterday, the retracement of nearly 50% by close - Geojit Financial
![Morning Market Quote : The strong momentum and favourable sentiments in the market can take the Nifty to record highs soon Says Dr. V K Vijayakumar Geojit Financial](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/11/ef865ec407b4a29f9e9bd1f6d6efd005.jpg)
![NIFTY maintained Higher Top Higher Bottom pattern - GEPL Capital](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/10/15cd77a0153dce7c82cb2f10cfee252a.jpg)
![Daily Market Commentary : Nifty after opening higher traded sideways throughout the session to close flat at 19396 Says Mr. Siddhartha Khemka, Motilal Oswal](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/08/156af2158e851ee244bd990808aa7749.jpg)