Nifty 50, Bank Nifty: Consolidation Nears End, Targets 26,200 and 61,400

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Moneycontrol•12-02-2026, 03:54
Nifty 50, Bank Nifty: Consolidation Nears End, Targets 26,200 and 61,400
- •Nifty 50 and Bank Nifty are in a consolidative phase after a sharp rally, with experts expecting an imminent breakout.
- •Nifty 50 aims for 26,200 if it breaks above 26,000; Bank Nifty targets 61,400 if it holds above 60,500.
- •Technical indicators like MACD and RSI signal improving strength for Nifty, while India VIX cooling off supports positive sentiment.
- •Bank Nifty shows stronger underlying momentum, trading above key moving averages with RSI above 60.
- •Experts recommend buying Nifty Futures on dips (25,930-25,960) and Bank Nifty Futures (60,600-60,700) with specific targets and stop-losses.
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