NIFTY Bank Index is comprised of the most liquid and large capitalised Indian Banking stocks. It provides investors and market intermediaries with a benchmark that captures the capital market performance of Indian Banks.
Nifty Bank has been rallying for weeks breaking all time highs at 28400 a few weeks ago. There is a very strong weekly demand imbalance created...
Negative divergence seen in Bank Nifty Chart - 15 Min and Hourly.
If Bank Nifty sustains below 27650, we may see 27560.
View negated if RSI breaks the trendline.