Nifty Bank opened on a positive note at 57,828.15, marginally above the previous close of 57,761.95. The index touched an intraday high of 57,873.75, but profit booking at higher levels dragged it to a low of 57,245.95. A partial recovery from the day’s bottom helped it close at 57,525.95, down 236 points or 0.41%. The session formed a bearish candle with a pronounced lower shadow, reflecting selling pressure near 57,850–57,900 alongside buying interest around 57,250. The close was almost aligned with the 21-SMA (57,528.35), above the 200-SMA (57,456.31), but below the 50-SMA (57,614.54).
