The BSE sectoral index BANKX has set in the down trend and trading in the down channel. BANKX is trading blow it's 100 day moving average. The MACD is making lower lows and is way below zero line at -253.57. The RSI is also making lower lows and is below 50 level at 42.55. The only sign of bullishness is that it is trading above the 200 day simple moving average one it is below this then the down trend will be more confirmed.
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