CNX-BANK NIFTY STOCKS KEY POINTS AND SUPPORT RANGE ON THE DOWN SIDE—25.9.2023

 

CNX-BANK NIFTY STOCKS

 NAME                           CMP         WEEKLY BOTTOMS    L. T. AVERAGE RANGE

 1. AU Small Finance Bank.742.35          696/630.85/548                  719----677. 

2. Axis Bank Ltd.                  1018.95.      961.8/927/841                    948---910.

3. Bandhan Bank.                   252.95      229.55/209.55/182               243---231.

4. Bank of Baroda.                 217.40      185.75/146.50                     191----178.

5. HDFC Bank Ltd.                1531           1523.75/1414/1365       1.1642---1595.

 (it is very weak as it is below its first range)                              2.1542—1378.

6. ICICI Bank Ltd.                 956.35       946/914/837/810/796        944---908.

7. IDFC First Bank Ltd.        94.30         89.30/52.10                          78----68.

8. Indusind Bank.              1442.75       1345/1262/1117/1065        1313---1229.

9. Kotak Mah Bank.           1784.40       1746/1643/1626/1230        1851---1660.

10. P.N.B                                   80.20       58.55/49.70/44.40          1.58.35---54.35

        Tough resistance range----                                                     2.95—107---130.

11. S.B.I                                 594.05         554/501.55/499                580-----564.

12. Fedral Bank                    147.10         130.50/121/109.45/82    135----129.50.

 

NOTE: -- Please note that long term moving average is a strong support range and break below it can drag the stocks down to much lower levels. The range will change from time to time; I will keep it updated every week.

 Contact me for strategic guidance to enter and exit the trade

 

 Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.