Support and resistance

NIFTY Bank Engulfing Reversal Revives Bulls; 60,500 Put Base Strengthens Support

Sharp Recovery Reclaims MomentumBank Nifty closed at 60,949.10, up 1.27%, staging a strong rebound after opening at 59,947.80. The index remained firm throughout the session and settled near the day’s high, reflecting sustained institutional buying interest.On the daily chart, the index formed a ...

Stock Market today: Nifty Bank Trades Sideways but Defends Key Supports Ahead of Union Budget

The Nifty Bank index is currently navigating a phase of consolidation as market participants adopt a cautious stance ahead of the Union Budget. While near-term volatility has picked up, the broader trend remains constructive. The index’s ability to defend crucial support levels despite intermitte...

Nifty Holds 200-DMA Ahead of Union Budget as Base Formation Strengthens Bullish Bias

The Indian equity market remained cautious ahead of the highly anticipated Union Budget, with the Nifty 50 index trading in a narrow range and closing marginally lower. Despite the lack of strong directional momentum, the index displayed notable resilience by holding firmly above its 200-day movi...