“Neutral on Bank Nifty for today, as it continues to consolidate near the 200-period MA of 57,500, gripped in a tight range. A decisive breach above the 58,600 resistance is needed for a directional move, while major support is at the 100-period MA at 56,000.”
Vaishali Parekh’s track record: 14 graded calls · 95% CI 1–31%
Bank NiftyNeutralCalled 17 Aug 2026Graded 16 Sep 2026
Bank Nifty fell from ₹57497.80 to ₹55828.60, a -2.90% move, contradicting the neutral outlook which implied no significant change
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