IndusInd, AU SFB: Mid-cap banks roar as Nifty Bank fires above 36,000

Barring Federal Bank, other mid-cap banks like RBL Bank, IndusInd Bank, AU Small Finance Bank and IDFC First Bank are yet to conquer their crucial resistances

Shares of mid-cap banks were trading with noteworthy gains on Thursday. IndusInd Bank, for instance, soared 8 per cent, while RBL Bank jumped 5 per cent. Other banks like AU Small Finance Bank, Federal Bank, and IDFC First Bank, too, saw positive sentiment. At the index level, the Nifty Bank was seen successfully holding above 36,000 levels. 

Here’s the outlook for mid-cap stocks for upcoming sessions:

RBL Bank Ltd (RBLBANK)

Outlook: Bearish outlook stay strong beneath Rs 105
 

The Moving Average Convergence Divergence (MACD) has been trading beneath the zero line since November last year. Unless it moves above