Bank Nifty held above the 200-day Moving Average (50,482) and bounced back to close positively. On the hourly chart, the index has formed a Hammer pattern, indicating buying interest at lower ...

The Nifty Bank continued to consolidate in a bullish range above the 49,000 level, following a breakout from a double-bottom chart pattern. The index remains positive, holding above its 20-day EMA ...

However, the indices formed back-to-back Doji candlestick patterns on the daily charts. The sustainability of the Nifty ... wise correction, the index is attempting to maintain a base above its 20 ...

forming a bullish candle on the daily chart, reflecting sustained upward momentum. “Bank Nifty breached the previous resistance level of 49,650 intra-day, making the resistance zone fragile.

On Budget Day ... Nifty: Angel One observed that the benchmark Nifty index has seen a steep correction over the past few months, falling below its 20-EMA and 200-SMA on daily charts.