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The Nifty Bank index was trading 0.12 per cent up at 43818.3.

Nifty formed a Doji-type candle on Wednesday, indicating indecisiveness and volatility at highs, according to Ashwin Ramani, Derivatives & Technical Analyst at SAMCO Securities. A close below the Doji candle low may prompt profit booking while a close above the Doji candle high could lead to new longs. Bank Nifty, meanwhile, has consolidated around the 20-Day Exponential Moving Average for five consecutive days, indicating that a decisive move in either direction could signal future directio...

The index has broken out of its higher high formation of the last five sessions. Now, it has to hold above 18,777 zones to witness an up move towards 18,888 and 19,000 zones, while on the downside support exists at 18,710 and 18,666 zones, said Chandan Taparia of Motilal Oswal.

The 30-share BSE Sensex closed up 159.4 points at 63327.7

The Nifty Bank index was trading 0.57 per cent down at 43688.7.

A total of 21,709 shares changed hands on the counter till 02:09PM (IST).

The Relative Strength Index of the stock stood at 65.47 on Friday.

As of 31-Mar-2023, promoters held 63.21 per cent stake in the company, while FIIs held 23.72 per cent and domestic institutional investors had 3.88 per cent.

The Nifty index ended down 68 points after making consecutive higher highs, forming a short-term top reversal pattern. Analysts predict a range of consolidation between 18,800-18,500 and recommend holding above the 20-day moving average and support levels of 18,636 and 18,550. India VIX dropped slightly, causing premiums to squeeze, and options suggest a broader trading range of 18,450-18,900. The Bank Nifty is forecast to trend lower towards 43,000 and has breached its consolidation range of 44...

A total of 3,987 shares changed hands on the counter till 11:02AM (IST)