Key Points
Over the past two to three days, a 'buy on dips' approach has been loved by the street since the Nifty crossed the crucial 19,500 mark..
The trend is expected to stay positive as the Nifty consistently concludes trading sessions above the critical moving averages..
In response to the RBI's stricter consumer lending regulations, the Bank Nifty index opened lower and continued to trade below the 44,000 level..
Additionally, the price has exceeded a crucial moving average on the daily chart, while the RSI indicates a bullish crossover and an upward trajectory..
The stock has a visible support level at 1,250, coinciding with its 20-day moving average (20DMA), and the anticipated upside potential targets are at 1,400 and 1,480..
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