Bank Nifty RSI

Bank Nifty Awaits Direction as Repeated Failures Near 59,500 Restrain Sentiment

The Bank Nifty index continues to trade in a choppy, directionless phase, holding steady near its demand zone while hovering around the 20-day Exponential Moving Average (DEMA). Despite intraday recoveries, the index has failed to close above the previous day’s high for four consecutive sessions,...

Nifty Bank Extends Gains for Fourth Session: Bullish Bias Strengthens Near 58,600

The Nifty Bank index continued its upward journey for the fourth consecutive session, reflecting a notable shift in sentiment and growing confidence among traders. The index opened with a robust gap-up and sustained its gains throughout the session, even amid brief profit-taking.The sustained mov...

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...