“While RBI is expected to hold rates, the global factors like the rising bond yields and higher interest rates have led to negativity in the banking space,” said Andrew Holland, CEO-Avendus Capital Alternate Strategies. “The support levels for the banking index are hovering over at 42,000 levels.” The Nifty Bank index closed at 43,964.
Tech View: Nifty weakness persists, bulls await 23,400 break. How to trade on Monday
Nifty’s short-term trend remains weak within a range. A breakout above 23,400 is crucial to trigger fresh buying interest, while immediate support stands at 23,100,
January 17, 2025