Nifty Bank: Key levels to watch out for on Wednesday
The index was trading above 8 of 8 SMAs, the RSI was at 63.7, while the MACD was above its Center Line but below the signal line. Nifty Bank has support at 39,000 levels while resistance at 40,200 levels.“Structurally, the recent rally from June lows of 32,290 is strongest in magnitude since October 2021