Bank Nifty Outlook:
The Nifty bank index ended the November F&O expiry on an optimistic note and at the levels for the month. This was supported by the government’s move to infuse Rs 2.11 lakh crore over two years in PSU banks. On the back of this, all PSU banks saw huge long additions. However, as the November series ended, profit booking was seen in PSU banks, which kept the index move in check near 25200.
Bank Nifty Friday Losers
|
| Stock | Price | %age Change |
| PNB | 170.30 | 3.29% |
| CANBK | 362.05 | 2.90% |
| SBIN | 312.90 | 2.33% |
Bank Nifty Resistance & Support
|
| R1 / R2 | 25364/25449 |
| S1 / S2 | 25046/24816 |
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