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Saurab Jain

4th Oct · SEBI-Registered Analyst

Last Week Nifty & Bank Nifty: Pullback Rally Amid Volatility

RCOM
Over the past week, both Nifty and Bank Nifty displayed a pattern of recovery following recent weakness, while facing resistance and mixed sector dynamics. Nifty staged a pullback into the latter half of the week on domestic buying and improved global cues, but failed to decisively break past key resistance zones. Meanwhile, Bank Nifty saw relative strength thanks to banking stocks rallying on expectations of supportive policy measures and easing credit norms. However, gains were capped by profit-taking and cautious sentiment around global monetary policy. Overall, markets moved in a range: buyers stepped in at lower levels, but lack of strong conviction kept the upside limited. The week ended on a cautiously optimistic tone, with traders now watching whether this firmness can sustain or gets broken by negative global or domestic catalysts. Disclaimer: Investments in securities are subject to market risk. This is for educational purposes ***** must verify information before investing and consider their financial position & risk profile. please read full disclosure disclaimer in given link

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