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Is correction in Bank Nifty a buying opportunity? Here's what charts say

The Nifty Bank has corrected 1.85 per cent from its recent high of 27,430 in the last four trading sessions.

For a liquid secondary market

The Nifty Bank has corrected 1.85 per cent from its recent high of 27,430 in the last four trading sessions whereas the frontline indices Nifty50 and BSE Sensex have fallen over 2.50 per cent during the same window. Both the benchmark indices Sensex and Nifty today breached their Thursday's low of 10,661 and 35,475, respectively. However, Nifty Bank has reversed from yesterday's low of 26,923. Nifty Bank: The previous article on 'Nifty Bank' forming Golden crossover has indicated the significance of crossover in moving averages. The Nifty Bank is trading well above ...