nifty bank today: Nifty Bank fails to close above 48K; use dips as buying opportunity: Experts

The Nifty Bank closed in the green on Tuesday for the third day in a row but failed to close above 48,000. The index rose 45 points to close at 47,970 while the Nifty50 gained 31 points to close at 22,368.IDFC First Bank, ICICI Bank, SBI, and Bandhan Bank were among the top gainers while selling was seen in PNB, IndusInd Bank, HDFC Bank, and Bank of Baroda.The Nifty Bank is facing some pressure around 48,000 but experts suggest that the trend is still on the upside. Hence, traders can use dips to go long.”The Bank Nifty index experienced a sideways trading session following a positive opening, with bears asserting dominance at higher levels,” said Kunal Shah, senior technical &…
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Source: https://m.economictimes.com/markets/options/nifty-bank-fails-to-close-above-48k-use-dips-as-buying-opportunity-experts/amp_articleshow/109534175.cms