The Nifty Bank underperformed the benchmark index and formed a Bearish candle for the third consecutive day in a row on Tuesday.The Nifty Bank fell more than 200 points to close at 47,242. The Nifty50 closed flat but with a positive bias.AU Small Finance Bank, IDFC First Bank, HDFC Bank, Axis Bank, and SBI were among the top losers, while buying was seen in Federal Bank, Bandhan Bank, and Kotak Mahindra Bank.The Nifty Bank index formed a bearish candle today and the next big support is placed around 47,000. A breach below the same could trigger another round of selling, suggest experts.“The Bank Nifty index witnessed continued dominance by bears as selling pressure intensified from…
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