Nifty and bank nifty index 20/06/23

Charts and index daily # 358

Today’s market post closing

Nifty was ended in 18817 and banknifty ended in 43766.

Nifty was unable to move above 19k for 2 years.if IT and reliance support to New All time high then only Nifty can move above 19k and able to sustain in 19000 levels.

Bank nifty still has few more points to reach all time high level. HDFC bank and ICICI bank cannot alone move up for all years. Any new private banks need to support HDFC bank and ICICI bank.

If any new product from banks other than lending product may give good rise to bank stocks.it may give chance to India to reach 5 trillion USD market capitalisation.