Quote on Bank Nifty 27th March 2026 from Vatsal Bhuva, Technical Analyst at LKP Securities

2026-03-27 05:38:44 pm | Source: LKP Securities Ltd

Quote on Bank Nifty 27th March 2026 from Vatsal Bhuva, Technical Analyst at LKP Securities

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Below the Quote on Bank Nifty 27th March 2026 from Vatsal Bhuva, Technical Analyst at LKP Securities

"Bank Nifty ended the session with a strong bearish candlestick on the daily chart, reinforcing the prevailing weakness. The pattern of lower highs and lower lows continues to hold, signaling sustained selling pressure. A hidden bearish divergence on the RSI further indicates the likelihood of trend continuation. The overall setup suggests adopting a sell-on-rise approach in the near term. Key support is placed around 51,500 levels, while resistance is seen in the 53,000–53,200 zone, which is expected to limit any short-term recovery."

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Quote on Bank Nifty 27th March 2026 from Vatsal Bhuva, Technical Analyst at LKP Securities

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