Warning-
as we can see that Bank Nifty is currently showing strong bullish technical structure with majority indicators in “Strong Buy” zone, indicating sustained momentum and trend continuation. Both moving averages and technical indicators are aligned bullish, confirming institutional buying support and strength in banking heavyweights
On the technical front, RSI is around 62–66 levels, which reflects a strong bullish zone (near overbought but still trending), suggesting momentum strength rather than immediate reversal . This type of RSI behavior in indices usually supports continuation rallies.
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