Quote on Bank Nifty by Rupak De, Senior Technical Analyst, LKP Securities
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Below the Quote on Bank Nifty by Rupak De, Senior Technical Analyst, LKP Securities
"Bank Nifty closed at its day’s low, forming a bearish candlestick on the daily chart. The active call writing and put covering suggest weaker sentiment. Traders should maintain a sell-on-rise strategy, with resistance at 52500. Bullish positions are recommended only if the index closes above 52500. Further weakness is expected if it closes below its 21-day EMA at 52000."
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