The main objective of the present study was to find out the impact of different technical parameters on share prices of selected Nifty Banking Index companies listed on NSE. The present study also highlights the significant difference in the Moving Average (MA) of share prices among different Banks selected for the study. The present study was conducted on the data collected for NSE listed Banking sector companies. The logistic regression model was used to know the impact of different technical parameters on share price returns for next one month period. The results shown that the percentage of correctly classified share price returns is 63% using our data. These percentage shows that the logistic regression model framed for both the sector is good and accurate.

Keywords: Nifty Index, Share Price Return, Banks, NSE.