Saturday, 30 December 2017

Nifty & Bank Nifty Journey 2017

NIFTY

Nifty had closed at  8185.80 on 30th Dec 2016 and its has not closed below it by even 10 points the entire year of 2017 and has been moving up consistently .

Nifty gave its first  close above 10000 on 26th July 2017 and the lowest close post that was 9710.80 which on 11th Aug .

Nifty kept making new life time highs and we saw a high of 10552.40 on 27th Dec for the year 2017 .

Nifty ended 2017 with a close of 10530.70 which is a gain of 2344.90 points and 28.65%  over the close of 2016 .

Nifty has a good base near 9700 - 9750 as per the above.


BANK NIFTY

Bank Nifty had closed at 18177.20 on 30th Dec 2016 and its not closed below it by even 300 points the entire year of 2017 and has been moving up consistently .

Bank Nifty gave its close above 21000 on 14th March 2017 and the lowest close post that was 20781.35 which was on 22nd March .

Bank Nifty kept making new life time highs and we saw a high of 25953.30 on 28th November for the year 2017 .

Bank Nifty ended 2017 with a close of 25539.45 which is a gain of 7362.25 points and 40.50 % over the close of 2016 .

Bank Nifty has a good base near 20800 - 20900 as per the above.

Overall it was a good year for bulls .

Wishing everyone a profitable 2018 


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Disclaimer : These are my personal views and one should do their own research before entering any trades based on them  . The use of the blog is agreement that the blog is for informational and educational purposes only and does not constitute advice in any form in the furtherance of any trade or trading decisions.