Bank Nifty resistance

Indecision Grips Nifty Bank as Doji Candles Signal Tug-of-War Near 59,000 Support

The Nifty Bank index remained sideways ahead of the upcoming monetary policy announcement, amid a noticeable drop in trading volumes. Despite several intraday recovery attempts, the index once again failed to post a decisive close above the previous session’s high. Persistent overhead resistance ...

Nifty Bank Scales Fresh Peak; Consolidation Near Highs Signals Brewing Breakout Above 60,000

Nifty Bank closed the November series with impressive strength, hitting a fresh lifetime high of 59,897 and extending its ongoing pattern of higher highs on the broader timeframe. The index’s ability to maintain this bullish structure even amid two days of narrow consolidation highlights its unde...

Nifty Bank Loses Momentum; Bearish Undertone Persists Amid Sustained Call Writing

Nifty Bank Shows Signs of Fatigue Near Key SupportThe Nifty Bank index stands at a crucial juncture, showing early signs of profit booking and weakening bullish momentum. For the fifth consecutive session, the index failed to close above the previous day’s high — a clear signal of fading buying s...

Nifty Bank Slips into Consolidation Zone; Sustained Move Below 57,650 Could Invite More Selling

The Nifty Bank index wrapped up October on a positive note, marking fresh all-time highs. However, towards the end of the week, the index began to show signs of fatigue, signaling the possibility of a short-term correction in the coming sessions. After giving up part of its recent gains, Nifty Ba...