Nifty Bank at close - Highlights for the week

Nifty Bank at close - Highlights for week 1) We closed below 40 RSI on daily chart for bank nifty - bearish sign for now 2) We broke budget day low on intraday basis. 3) Saw a good selling in PSU Banks as profit booking 4) Now support at 57400-57500 around 200 day moving average on daily charts 5) We saw few Gap-down opening last week - this shows the bearish under tone of the market 6) Bias is very bearish on charts till we do not close above 58600 on closing basis on daily charts 7) Sell on rise the theme for the market for now 8) Sector in focus is Banking 9) Stock on radar

All this is for information. This is not a buy/sell recommendation. Thank you, Technofunda24