Bank Nifty short covering

Bank Nifty Rebounds on Short Covering, but Lower-High Pattern Keeps Trend Cautious

Bank Nifty Jumps 1.66% After Sharp DeclineThe Nifty Bank index staged a strong rebound, closing at 56,950.80, up 931 points (+1.66%). The recovery was largely driven by short covering and buying interest from lower levels after the index recently faced heavy selling pressure.Despite the sharp bou...

Stock Market Today: Nifty Bank Sustains Above Short-Term EMAs; Breakout Structure Holds Firm

Market RecapThe Nifty Bank index delivered steady follow-through buying after breaking out of its recent consolidation range, even as it traded close to a near-term resistance zone. By reclaiming the 10-day exponential moving average (EMA), the index signalled a revival in bullish momentum and co...