Mileen Vasudeo of Arihant Capital Markets says that with Bank Nifty, it is now showing signs of weakness. Now this week Bank Nifty has nearly closed below the 50-day SMA which is a sign of weakness and the 50-day SMA is at 44821.
The crossing of the 50-day SMA by these companies reflects their resilience and potential for future growth, making them noteworthy contenders in the stock market landscape.