Bank Nifty Share Price & Technicals

Formerly a page of Nifty 50 components and technicals has been published. There we mentioned a brief description regarding NIFTY. People who aware of the country’s financial field must come across the NSE (National Stock Exchange) indices. Among the various NIFTY Indices, Bank Nifty is the one, comprised of Top 12 banks in India. As the name suggests, the particular index focus only on the banking sector. Before proceeding to further discussion on Bank Nifty Share Price & Technicals, a brief introductory note on NSE and NIFTY is necessary. So, India’s first demutualized electronic exchange NSE was introduced in the year 1992. Hence, the automated advanced and screen-based electronic trading platform facilitate the trading methods in every way.

The Journey of Bank NIFTY

A slight movement of Nifty depends upon the overall financial fluctuations of the country. Therefore, one single sector can’t change volatility in Nifty much as Nifty consists of all sectors like Banks, oil, IT, gas, infrastructure etc. Hence, in order to get the more detailed information and data, sector-wise Nifty indices come in the market. From 2005 to the present year, Bank Nifty cross many hurdles, ups, and downs. So, the banking sector plays a major role in the Indian economy. In India, among 60 million retail investors have their investment in the stock market. Therefore, it is expected to see a further growth in the banking sector. Later in this article, you will get the entire detail of the particular index along with historical data.

Bank Nifty Share Price Data

After Nifty 50, Bank Nifty considers as the most popular index in under NSE. The particular index had formed by 12 Banking shares. Bank Nifty is one of the most volatile and liquid indices. However, almost 26% of Nifty is acquired by Bank Nifty. If we analyze closely, bank nifty comes out as the highest weightage index in Nifty. Therefore, the performance of the Nifty hugely depends on Nifty. 12 stocks under bank nifty consider as the most liquid and large capitalized stocks in the banking sector.

Bank Nifty Share Price

Have a look at the above chart. Here is the presentation of the entire journey of bank nifty. As you can see from 2006 to 2018, the journey was not smooth enough. The chart reflects the volatility of the price through ups and down movements. After 2006, there was a deep fall after the year 2009. The chart shows the price creates an overall higher high move. Analysts expect to see a further rise in the price in the upcoming years.

Weightage Calculation

As the Banking sector is the most volatile sector in the Indian financial market, Bank Nifty points fluctuate quite often. Point fluctuations don’t happen by price movements of a single bank. It depends on the overall performance of the listed banks. In the calculation method, you have to remember certain points. The weightage of the 12 banks are not the same. Hence, Bank Nifty points movements depend on the particular banks separately. Here is an example of weightage calculation.

bank nifty

This attachment is given only for an example purpose. Notice that each bank carries different weightage which is responsible for the movements of Bank Nifty points. Like HDFC bank can move Bank Nifty points more in comparison to Punjab National bank.

The index is rebalanced semi-annually, like from Jan 31st and July 31st of each year.

Bank Nifty Calculation Method

The calculation of bank nifty is almost the same as the calculation of Nifty. You may check our previous page for Nifty calculation. The only difference in the input is in Nifty 50, the number of stocks is 50 and bank nifty consists of 12 stocks. Here the base value is 1000. The base year considers as 1995. Let’s see the calculation method.

Bank Nifty= (sum of Free Flow Market Capital of 12 most liquid stocks) x index factor

The calculation of Index Value = Current Market Value / Base Market Capital x Base Index Value (1000)

Free Float Market Capitalization equal to Shares outstanding x Price x IWF (Investable Weight Factor)

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IWF calculation (available float shares)/(total outstanding share)

Components of Bank Nifty

The components of bank nifty are given below.

NameLastHighLowChg.Chg. %Vol.Time
AXIS Bank616.3620.3608.6-3.5-0.56%9.05M19/11
Bank Of Baroda115.35118.4114.35+0.15+0.13%26.17M19/11
Federal Bank81.2582.578.8+1.35+1.69%10.40M19/11
HDFC Bank2,013.902,021.002,001.90+9.60+0.48%3.07M19/11
ICICI Bank362.4370.7360.75-5.15-1.40%16.00M19/11
IDFC Bank Ltd36.0536.6536-0.4-1.10%7.50M19/11
IndusInd Bank1,537.951,541.301,484.35+36.85+2.45%2.05M19/11
Kotak Mahindra Bank1,175.251,188.951,165.00+6.65+0.57%2.01M19/11
Punjab National Bank73.374.0572.5+0.10+0.14%17.06M19/11
RBL Bank556.45563.95552.55-2.8-0.50%892.10K19/11
SBI288.15293.5286.05-2.75-0.95%13.80M19/11
Yes Bank204.8205.95194.35+13.80+7.23%64.33M19/11

Here is the entire list of stocks which comes under bank nifty. Stocks under bank nifty index are the large-cap category.

Bank Nifty Share Price & Technicals

However, this web page will show Bank Nifty share price and Bank Nifty technicals. Daily and in trading hours an updated version of the technical trading data for the Bank Nifty future will be presented. In the first table, you will see the major pivot point calculations for Bank Nifty future. In order to know the process of using various pivot points CLICK HERE. The second one presents Bank Nifty future hourly indicator analysis mainly for short-term swing traders. The third table represents Bank Nifty future hourly moving average analysis, generally for the long-term swing traders.

Bank Nifty Share Price

SymbolCurrent ValueChange% ChgOpenHighLow
BANKNIFTY26300.755.150.2126364.626379.126204.35

Bank Nifty Technicals – BNF Today’s Pivot Points (PP)

NameS3S2S1Pivot PointsR1R2R3
Classic26129.7926200.9726239.4926310.6726349.1926420.3726458.89
Fibonacci26200.9726242.8826268.7626310.6726352.5826378.4626420.37
Camarilla26247.8326257.8926267.9426310.6726288.0626298.1126308.17
Woodie's26113.4526192.826223.1526302.526332.8526412.226442.55
DeMark's--26220.2326301.0426329.92--

Bank Nifty Technicals – BNF Hourly Indicator Analysis

NameValueAction
RSI(14)63.82Buy
STOCH(9,6)99.476Overbought
STOCHRSI(14)36.88Sell
MACD(12,26)99.88Buy
ADX(14)50.891Buy
Williams %R-0.224Overbought
CCI(14)99.1183Buy
ATR(14)90.2072Less Volatility
Highs/Lows(14)33.4325Buy
Ultimate Oscillator55.373Buy
ROC0.35Buy
Bull/Bear Power(13)58.6876Buy
Buy: 8

Sell: 1

Neutral: 0

Summary:Strong Buy

Bank Nifty Technicals – BNF Hourly Moving Average (MA) Analysis

PeriodSimpleExponential
MA526306.22
Buy
26309.70
Buy
MA1026282.20
Buy
26286.48
Buy
MA2026241.66
Buy
26205.03
Buy
MA5025974.76
Buy
26004.41
Buy
MA10025685.57
Buy
25786.28
Buy
MA20025393.77
Buy
25755.24
Buy
Buy: 12

Sell: 0

Summary:Buy

Bank Nifty Daily Chart



Different Methods of Bank Nifty Trading

Bank Nifty works not only as an index but also as a trading tool. However, methods like intraday trading, delivery trading, short sell, buy today sell tomorrow, future-options are the most important. Investors can make a huge profit by applying this trading strategy in a proper way. In this section, you will find different methods of bank nifty trading. The various methods or routes of trading through bank nifty is described below:

Intraday Trading

As bani nifty is one of the most liquid and volatile indices in Indian financial market, intraday trading in it is quite popular. Investors can make millions if they follow an accurate trading strategy. Intraday or day to day trading starts on the market opening hours. Investors have to square off before the market closing. Otherwise, it will be automatically dismissed. Volatility and liquidity carry positive as well as negative impact on the intraday trading. Excessive volatility and liquidity can form a high risk in the market. Hence, traders need to be quite experienced.

Delivery Trading

Stocks under bank nifty are belong to the blue-chip categorization. Here, blue-chip refers large capitalized stocks. Those who are long-term investors can invest in it for getting a huge profitable return. By definition, delivery trading is the opposite of intraday. In intraday, there is no holding option, delivery is the positional trading for long-term investment. There is no exact time limit on it, it can be weeks, months or even years. As banking is such a sector where profitability will rise gradually, the scope of loss is near zero. Investors can take profit by using the advantageous platform of Indian financial market. Besides hard work, smart work also necessary for delivery trading.

Short Sell Strategy

When traders sell a stock and after that buy before the end of the trading period, refers to the short sell strategy. In other words, sell without holding is the short sell strategy. Before entering into this trading strategy, one must sure about the market trend. After anticipation of the bearish market, traders enter into the short sell. Before the closing time of the market, trades must be squared off. The particular strategy is nothing but sell a security at a high price level and buys it back at a low price level. The strategy is quite popular among intraday traders.

Buy Today Sell Tomorrow

The name Buy Today Sell Tomorrow (in short BTST) itself suggests its process. Here, traders need to analyze the market whether it will be bullish or bearish. If they anticipate a bullish market in the next trading day, they buy a share today and sell it tomorrow. In this process, traders won’t get any delivery of stocks. The delivery won’t come because Indian stock market works on T+2 settlement cycles. Here, traders have to proceed with their trading without delivery.

Future-Options Trading

In future-options, bank nifty lot size (minimum number of shares) is 40. Working on Bank Nifty in the future-options can be hugely profitable if traders apply the right strategy. As we know, future-options trading methods belong to the derivative market. Here, two parties have to agree on a future contract at a prefixed date and price. Though future and options trading are almost the same, there is a difference between them. In future contract, there are obligations but in options, there are both right and obligations. You can trade on Bank Nifty (on lot size 40). In future and options, the lot size remains the same.

Conclusion

However, it is clear that Bank Nifty Share Price is one of the key drivers of the Indian financial market. Hence, it not only help investors to analyze the banking sector properly but also works as a profitable trading tool. With the growing inflation rate, the demand for banking industry will automatically go high. Therefore, investors can consider the sector as along as well as a short-term money generating tool. However, the page contains each and every detail regarding Bank Nifty Share Price. Here, we put all the data regarding Bank Nifty share price technicals along with accurate data and analyzation.

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