Quote on Bank Nifty 13rd Feb 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities
Below the Quote on Bank Nifty 13rd Feb 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities
"On Friday, Bank Nifty slipped below a short-term consolidation range, indicating minor profit booking after the recent upmove. However, the index continues to trade above its 20-day moving average placed near 59,700, which remains a crucial short-term support. The immediate support is seen in the 59,800–59,700 zone, while a stronger base is placed near 58,800–58,700. The broader bullish structure remains intact as long as the index sustains above 59,700. RSI around 54 is flattening, suggesting momentum is cooling. Resistance is placed near 60,800–61,000."
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