On April 23rd HDFC Bank one of Indias leading private lender announced its Q4 results.

Net Profit rises 30% YOY to 1890 Crores vs 1453 Crores previous. HDFC officials also denies all the charges related to money laundering. On 18 April Indusind Bank declared their Q4 results with a profit rise of 38% YOY to Rs 307 Crore Stock did touched its 52 weeks high in this occasion. Other leading Banks like SBI, ICICI, Axis etc witnessing the same story and in a contentious up trend. Sector Index Bank Nifty future made its weeks high of 12561 and trading at 12544 seems that this trend will continue in the upcoming sessions. 12807 will be a strong resistance above this 13108 will be the next level, for lower side 12267 will be a support level for bank nifty.