The banking barometer plunged sharply on Thursday, about 631 points from its new peak of 41,840.15 but did not breach the 41,000-mark.For the day, the bank index closed at 41,209.20, dropping 196.2 points or 0.47 per cent from its previous close. Here’s how analysts read the Nifty Bank pulse.
Tech View: Nifty forms doji candle; buy-on-dips suggested with 22,780 as key support. How to trade on Thursday
Tech view: Nifty has formed a double bottom pattern and a doji candle near key support levels. The 21-day simple moving average (DSMA) at 23,285