Quote on Bank Nifty 19th January 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities
Below the Quote on Bank Nifty 19th January 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities
"In Monday’s session, Bank Nifty took strong support near its 20-day SMA, where buying interest emerged, indicating demand at lower levels. Currently, the index is consolidating with a bullish undertone, as it continues to sustain above its key short-term 20-day SMA. The RSI has moved into a bullish crossover, supporting the positive bias. However, fresh momentum is likely to be regained only if the index closes above the 60,000 mark and sustains this level for the next 2–3 sessions. For the near term, support is placed at 59,500, while resistance is seen at 60,400, defining the expected trading range."
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