Less expense ratio implies better returns over the long term

Expense Ratio

ETF has not been able to closely match its benchmark returns

Tracking Error

ETF has been generating better price return than bank FD

Return vs FD Rates

Good time to consider, as ETF is not in overbought zone

Entry Point

Nifty 50 and Bank Nifty both posted weekly losses (0.2% and 0.6%). Futures show bearish sentiment with support at 24,900. If this breaks, it could drop to 24,320. Strategy: short futures with a stop-loss at 25,200 or buy 25,000 puts if 24,900 is breached. Also bearish, with support between 50,500 and 51,000. A drop below 50,500 may lead to 49,000. Strategy: short futures at 51,700 or buy 52,000 puts at the same level.

F&O Tracker: Data show bearish inclination

As both indices have reached near monthly support levels, along with current oversold positions, traders can expect a bounce from the current level. Nifty may bounce toward the 25,250-25,500 level and Bank Nifty to 52,200-52,800 in the coming days.

Nifty looks oversold, may pull back to 25,500: Analysts

Indian benchmark indices ended Friday in the red, registering their third straight loss dragged by auto and bank stocks. While the S&P BSE Sensex settled at 81,381.36, down by 230.05 or 0.28%, the broader Nifty50 closed at 24,964.25, lower by 34.20 or 0.14%.The psychological support of 25,000 was breached on a closing basis for two consecutive days, which indicates that the weakness is likely to continue, Tejas Shah, Technical Research at JM Financial & BlinkX said. At the current juncture, the bears are in full control of the markets and are using every pull back rally to create short positions, he said. Support for Nifty is now seen at 24,920 and 24,750 while on the higher side, immediate resistance for the heart beat index is at 25,000-25,050 levels with the next resistance levels seen at 25,250-275, this analyst said.Here are 5 stock recommendations for Monday: Stock Ideas

Market Trading Guide: Tata Chemicals, GMDC among 5 stock recommendations for Monday - Stock Ideas

The spike in BSE shares comes a day after NSE said it will discontinue weekly derivatives contracts on Bank Nifty, Nifty Midcap Select, and Nifty Financial Services.

BSE Share Price Hits Record High As NSE To Halt Three Weekly Option Contracts

Nifty Bank and Nifty weeklies cater to different types of traders. While Nifty is a broad market benchmark, Nifty Bank is a sectoral index and has the least number of constituents and a lower lot size making it the most volatile of the two

Odds of a swift downside in Nifty appear low. Anand James explains why

The Nifty remained range-bound in the past week, with a minor weekly loss of 50.35 points (-0.20%). Volatility also tapered down, with the India VIX falling 6.42% to 13.22. The trading range narrowed to 539.70 points. The coming weeks are crucial for the markets due to the discontinuation of weekly contracts for NIFTY Bank and FINNIFTY starting November 20.

Nifty faces key levels; cautious approach advised for the week ahead

Stay updated on Nifty and NiftyBank index trends with BL Portfolio for expert insights and analysis.

Nifty and Bank Nifty Prediction for the week 14 Oct’24 to 18 Oct’24 by BL GURU

ICICI Bank is down 3 per cent in October so far. The private lender is scheduled to announce its September quarter results on October 26. On Friday, the scrip was trading 0.66 per cent lower at Rs 1,235.

ICICI Bank shares set to rally in coming days? History suggests so

Shares of Bandhan Bank Ltd rose 9.15 per cent to Rs 204.90 on Friday, commanding a total market capitalization above Rs 33,000 crore

Why Bandhan Bank shares rallied 9% today; here are fresh target prices

Equity indices Sensex and Nifty close lower due to selling in banking stocks, cautious investors, and global trends.

Markets settle lower ahead of key macro data; Sensex falls 230 points

Indian benchmark indices ended Friday in the red, registering their third straight loss dragged by auto and bank stocks.

Gainers & Losers: Bandhan Bank, IREDA among 6 stocks that hogged limelight on Friday

Aditya Birla Sun Life Banking ETF objective is to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the Nifty Bank Index