CNX-BANK NIFTY STOCKS KEY POINTS AND SUPPORT RANGE ON THE DOWN SIDE—29.9.2023

 

CNX-BANK NIFTY STOCKS

S.N   NAME                           CMP         IMP BOTTOMS    L. T. AVERAGE RANGE

 1. AU Small Finance Bank.713.50    707.55/ 696/630.85     1. 721----678. 

                                                                                                         2. 636----525.

2. Axis Bank Ltd.                1036.70. 1004/ 961.8/927/841        951---914.

3. Bandhan Bank.             251.60   243.70/229.55/209.55/182    243---231.

4. Bank of Baroda.           213.95      206.45/185.75/146.50        192----179.

5. HDFC Bank Ltd.  1526.30   1532/1515/1523.75/1414/1365  1.1640---1592.

 (It is very weak as it is below its first range)                              2.1541—1378.

6. ICICI Bank Ltd.           951.90   946/934.40/914/837/810/796    945---909.

7. IDFC First Bank Ltd.     95.50             89.30/52.10                              78----69.

8. Indusind Bank.           1428.85       1396/1363/1345/1262.       1320---1231.

9. Kotak Mah Bank.       1735.70    1746/1729/1643/1626.       1. 1844---1807.

     (It is very weak as it is below its first range)                          2. 1851—1660.                                                                      

10. P.N.B                    80.20 74.55/65.50/58.55/49.70/44.40     1.59---55.         Tough resistance range----                                                     2.78---95—107---130.

11. S.B.I                       598.55  583.45/ 554/501.55/499                580-----565.

12. Fedral Bank         147.20        144.15/140.80/ 130.50/121. 1.135----130.

                                                                                                               2.111.35—90.

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. Please note that figures in red indicate strong resistance.

 Contact me for strategic guidance to enter and exit the trade

 

 Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.