Market News
3m 31s | Updated on July 08, 2024, 09:33 IST
SUMMARY
Let’s take a look at the analysis of NIFTY and BANK NIFTY.
NIFTY had a negative start on Friday, opening near its crucial support zone. Despite volatility and selling pressure throughout the day, late buying helped the index recover all its losses and close flat. Due to weakness in HDFC Bank, BANK NIFTY remained weak throughout the day and turned range-bound after a gap-down opening. However, support from SBI and other banks helped arrest the selling pressure. Let's examine the positioning on the daily charts.
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