Nifty Bank Index

Nifty 12-month forward PE is around 23 per cent below peak. Indian equities should find support from robust earnings outlook owing to strength in the domestic economy.

The technical analyst recommends to employ 'buy-on-dips' trading strategy for Nifty, given positive outlook for the index in the short term

Analysts expect the underperformance in bank stocks to continue ahead as the current fears around the banking sector globally are likely to persist for some time

The technical analyst expects an upside target of 17,800 - 17,900 on the Nifty, with stop loss of 17,400.

if the Bank index succeeds to close over 41,000 mark, which is right above its 21-DMA, the short-term upside may poised to rally towards 42,000 level,

According to the technical analyst, Bank Nifty's break out from within the range of 41,725 to 42,725, would indicate a trend change in the charts

So far in 2022, the Nifty Bank Index has soared 24 per cent, far outperforming the benchmark indices, the BSE Sensex and Nifty 50, which have gained close to 8 per cent each.

At 10:35 AM; Nifty Bank, Nifty Financial Services, Nifty PSU Bank and Nifty Private Bank indices were up in the range of 0.10% to 0.90%; while Nifty Auto and Nifty Realty indices slipped up to 0.2%.

Global factors causing a slowdown and overexposure to this sector are key risks

Both stocks were the biggest gainers in both the Sensex and Nifty indices and accounted for nearly half of the gains made by these indices

Here's how key constituents of the Nifty Bank index look on the charts.

Engineering and capital goods companies are likely to see revenue growth momentum, led by robust order backlog and pick-up in execution

The 200-DMA is generally a good indicator of a long-term trend

More than the monetary policy decision, the RBI's assessment of inflation and growth propelled the markets, said experts

The Reserve Bank of India's (RBI's) 50-bps repo rate hike triggered a sharp pullback rally in banking stocks on Friday. The Nifty PSU Bank index did even better with a rise of 3.01 per cent

Here are trading strategies for key banking stocks that will help you maximise your gain.

Bank of Baroda, Canara Bank, and State Bank of India may see even better returns as they have also broken out of "Double Bottom" pattern

The 100-WMAs hold the key for the Sensex and Nifty; Only a decisive breakdown of the same could mean medium-term bearishness for the benchmark indices.

Higher interest rate, though, should help improve short-term margins and spread

A fixation on the target amount, without improving the corporate governance of public sector enterprises, is misplaced