Bank Nifty Live Chart - Bank Nifty Share Price
The chart of the one of the most popular and the most liquid stock index i.e. Bank Nifty has been given below. Just click on the chart of Bank Nifty to get more tools activated to perform Technical Analysis.
Bank Nifty Stocks - Bank Nifty shares
Bank Nifty is composed of the stocks of 12 most well-capitalized banks of India. It consists of both types of Banks whether it is private or Government. The stocks of these companies are very liquid. The fundamental of all these stocks is phenomenal.
The list of these stocks have been given below:
Full Description of Bank Nifty Index
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Bank Nifty is a weighted index of 12 largest banks of India. It is used as a benchmark or standard for the performance of the banking sector in India. All the investors and the traders across the country analyze the banking sector of India by this index. This index is traded on the National Stock Exchange(NSE).
Constituents of Bank Nifty
Nifty Bank Index consists of 12 banking stocks. They comprise the 91.3% of the free-float market capitalization of the Indian banking sector. It is a mixture of both public and private sector banks. These stocks are Axis Bank, Bank of Baroda, Federal Bank, HDFC Bank, ICICI Bank, IDFC First Bank, Indusind Bank, Kotak Bank, Punjab National Bank, RBL Bank and State Bank of India. All of these banks are traded in F&O segment in India.
Among all the banks, the HDFC bank has the highest weightage in the Bank Nifty stock Index. The movement of any index depends on its most weightage bank and so it is in Bank nifty.
Bank Nifty Futures
Bank Nifty Futures is the futures contract which is traded on the F&O segment in National Stock Exchange. Its value is derived from the Bank nifty index. It is the most liquid stock index futures after Nifty 50 futures in the stock market of India.
Its value highly depends on the futures of the Indian banks and mainly on HDFC Bank because its weightage is the biggest in Bank Nifty share price.
If you want to hedge you an existing position, you can use the futures and options of Bank Nifty. The futures and options were introduced as hedging instruments but they are now highly used in form of speculations.
Lot size of Bank Nifty
The current lot size of Bank Nifty is 20. It means you will have 20 shares of Bank nifty if you buy one lot from the exchange. Its lot size keeps changing with time. Its previous lot size was 40. Many people think that you can buy one share of Bank Nifty, but it is not true, you can't buy shares of Bank nifty in numbers, you have to buy them in lots.
The most unique feature of Bank Nifty
The options of Bank Nifty expires every week. Every other stock or index in F&O Segment expires monthly, while the option of Bank nifty expires weekly as well as monthly. This is the most unique feature of Bank Nifty, even the options and futures of Nifty 50 also expire monthly.
It provides extra opportunities for investors to hedge their positions. But at the same time, it also increases the speculators to manipulate the stock market.
Bank Nifty Analysis and future Prediction
If we look at the monthly chart of Bank nifty, the index is making higher highs and higher lows that means it is in a very good uptrend. There are large green big candlesticks which are showing good bullish momentum.
The Bank Nifty has been in an uptrend since so many years. It showed a little bit correction for 5-6 months in 2018 but it regained the momentum in 2019. It is trading on all-time high levels in 2019. It is looking a great upward move potentially in bank nifty for the upcoming years.
The minor support zone is around 30,400 - 30,700 and the major support zone of the bank nifty is 27,800 - 28,5000. These are few good levels to make a long position in Bank nifty but you must provide a proper stop loss as per your risk appetite.
Indian Banks have very good potential to grow in future because more and more people are getting so much aware of keeping their money in the banks. So there is a good chance for the upside move for the bank Nifty in upcoming years.
