Can Bank Nifty Sustain Above Its 200-Day EMA?
Bank Nifty has recently underperformed the broader market. The technical setup indicates that weakness could continue unless the index manages to sustain above its 200-day Exponential Moving Average (EMA).
Technical Outlook
The 200-day EMA remains the key trend indicator for the banking index.
Important Levels:
- Immediate Support: 56,500
- Resistance Zone: 57,500–57,700
