Nifty Bank is a benchmark index. Its current P/E (price to earning) ratio is 14.65, and PB ratio is 2.84. Dividend Yield for BANKNIFTY is 0.87.
Support and Resistance Targets
These pivot points are useful to get an ideas of target, reversal or breakout levels. intraday daily target (20-May-2024), weekly and monthly share price target for Nifty Bank.
| Target | Daily | This week | This Month |
|---|---|---|---|
| R3 | 48713.12 | 49747.18 | 53299.97 |
| R2 | 48450.88 | 48967.92 | 51386.78 |
| R1 | 48283.27 | 48541.78 | 50405.42 |
| PP | 48021.03 | 47762.52 | 48492.23 |
| S1 | 47853.42 | 47336.38 | 47510.87 |
| S2 | 47591.18 | 46557.12 | 45597.68 |
| S3 | 47423.57 | 46130.98 | 44616.32 |
As on 2024-05-17 BANKNIFTY price closed at 48115.65. It was up 138.6 points from its previous day close of 47977.05. No one can predict or forcast the movement of the Index. But our estimated idea is that certain levels are important for the Nifty Bank. Tomorrow if it moves upside then 48233.86 could act as Resistance point and if it moves downside then 47997.44 level could act as support. Check the other more SR levels where BANKNIFTY could react.
Technical Indicators & Moving Averages
SMA = Daily Simple moving average, EMA = Daily exponential moving average, RSI = Relative Strength Index. Technical indicators are useful for traders.
Today Nifty Bank closed below the 30 days EMA.Today Nifty Bank closed below the 200 days EMA. RSI of BANKNIFTY is in Mid Range. MFI is in oversold zone.