Bank Nifty Weekly Analysis

Bank Nifty has been outperforming Nifty on downside also  with fall of 326 points last week.With economy slowing down Bank will be the first to bear the brunt of slow down. Next week will keep financials in focus as December IIP data on Tuesday and January wholesale price index (WPI) inflation figure on Thursday will give further clues whether RBI will go ahead with more rate cuts or keep interest on hold till inflation comes down more.

Bank Nifty Hourly

Bank Nifty has been trading in an down trending channel after breaking its.


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