The Bank Nifty is an index that represents the performance of the banking sector in India, comprising the most liquid and large-cap banking stocks listed on the National Stock Exchange (NSE). A demand zone in the context of Bank Nifty refers to a price area where buying interest is historically strong, often acting as a support level. If the Bank Nifty is approaching or reacting to a demand zone, it could indicate a potential reversal or bounce.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.