Key Points
The Nifty50 closed below the crucial short-term moving average (50-DMA) on the daily charts for the 12th consecutive day in a row..
The Nifty Bank closed in the red for the second day in a row on Monday as investors preferred to book profits after the recent rally..
The Nifty Bank index is likely to consolidate in a range and the big support for the index is placed at 45,000-45,400 levels, suggested experts...
Bank Nifty witnessed follow-through selling pressure from the previous trading session, said Jatin Gedia technical research analyst at Sharekhan by BNP Paribas...
The index's immediate support is positioned at 45,400, and a breach below this level is anticipated to trigger additional selling pressure, said Kunal Shah, senior technical & derivative analyst at LKP Securities...
