Quote on Bank Nifty 14th January 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities
Below the Quote on Bank Nifty 14th January 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities
"The index is currently consolidating above its falling trendline breakout levels and is sustaining above both its 20-day and 50-day SMA, indicating a structurally positive setup. However, momentum appears to be weakening as the RSI is placed near 53 and is slightly sloping downwards, highlighting a lack of strong buying momentum. The index is expected to regain momentum once it decisively reclaims the 59800 level. Until then, the index is likely to trade in a broad range of 59000–59800, where 59200–59150 acts as a crucial support zone near the 50-day SMA, while 59800 will continue to act as the immediate range resistance."
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