Indian equity indices closed the last week on a subdued note, ending with modest losses amid heightened volatility. Currently, the Nifty and Sensex are at 22,828 and 75,157 levels. Technically, analysts say the Nifty witnessed a smart rebound after breaching its March lows and is now testing its 20-day exponential moving average (DEMA) around the 22,900 mark.In this setup, here are 5 technical insights to trade Nifty and Bank Nifty in the current week
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,