Bank Nifty (which holds a 36 percent weightage in Nifty) has consistently shown buying demand from the 52-week EMA. After testing the 52-week EMA in each of the past three occasions post-COVID lows, Bank Nifty rallied back to highs. Thus, ICICI Securities expects banking to lead the recovery in the coming weeks.
Bank Nifty (which holds a 36 percent weightage in Nifty) has consistently shown buying demand from the 52-week EMA. After testing the 52-week EMA in each of the past three occasions post-COVID lows, Bank Nifty rallied back to highs. Thus, ICICI Securities expects banking to lead the recovery in the coming weeks. Bank Nifty (which holds a 36 percent weightage in Nifty) has consistently shown buying demand from the 52-week EMA. After testing the 52-week EMA in each of the past three occasions post-COVID lows, Bank Nifty rallied back to highs. Thus, ICICI Securities expects banking to lead the recovery in the coming weeks. Moneycontrol Latest News Read More
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