Daily Technicals Nifty Bank

The Nifty 50 index has closed near a significant resistance level of 24,540, while the Nifty Bank index is at a pivotal juncture

The Nifty Bank index is on the brink of a potential breakout, with stiff resistance at 52,580, while, the Nifty Financial Services index is currently exhibiting a bullish trend

The Nifty Bank Index is currently trading in a defined range of 51,825 to 50,200. A breakout above or below this range will provide a clear direction for traders

Market outlook for the week Aug 26 - 30: The Nifty needs to clear resistance at 24,971, and Sensex at 81,750 for further gains. Here are the key support levels to watch out the NSE, BSE benchmarks.

All you need to know before market opens on Thursday: The S&P 500 crossed 5,600-mark, Asian shares rallied up to 1% this morning; FIIs pared long holdings in index futures; Ambey Labs to list

RSI Oscillator is sloping upwards and placed above 60 on the daily and weekly chart, suggesting strength in the current up move, says HDFC Securities

Surpassing the 50,000-mark for the very first time, the index's ascent can also be attributed to robust Q4 GDP figures, and S&P recent upgradation of India's rating to positive

IT Index is trading at 33,880.85 and is currently exhibiting a range-bound pattern on the charts. The defined range for this index lies between 34,300 and 32,700

The Nifty PSU Bank Index, currently at 7,264.75, exhibits a bullish trend on the charts. However, it is approaching a significant resistance range between 7,265 and 7,365

The Nifty Bank Index, currently trading at an unspecified price, has experienced a sharp correction on the charts recently. However, there are indications of a potential technical bounce in the near

According to Ravi Nathani, caution is paramount as the Nifty index teeters precariously near a significant support level at 19,600

Surpassing 19,910 could potentially lead the Nifty towards resistance levels situated at around 20,180 and 20,464; suggest buying Bank Nifty index on dips, says Ravi Nathani

Nifty50 and Bank Nifty indices crucial support (immediate) at 19,575 and 45,236; should be bought as the overall trend remains bullish, says Ravi Nathani

The Stochastic and RSI indicators are showing a downward slope for the Nifty Bank index, indicating a bearish outlook, says Ravi Nathani, an independent technical analyst

Every minor correction may see addition of long positions, say experts

Nifty Bank index may rise up to 2.25% once hits a new historic peak, shows technical charts

Nifty Bank, in particular, has emerged as the front runner of the reversal rally. The banking index has gained 6.60 per cent and overcame vital hurdles in the recent sessions.

Positive divergence may push Sensex and NIfty in a bullish trend for coming sessions, show technical charts.

if the Bank index succeeds to close over 41,000 mark, which is right above its 21-DMA, the short-term upside may poised to rally towards 42,000 level,

According to the technical analyst, Bank Nifty's break out from within the range of 41,725 to 42,725, would indicate a trend change in the charts