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BQ Edge | Technical Chartist Rahul Mohindar’s Take On What’s Needed To Fire Up Bank Nifty

While the risk-reward ratio for the Nifty isn’t favourable, the Bank Nifty may trade in a sideways range, Mohindar said.

A trader monitoring a chart. (Photographer: Jason Briscoe/Unsplash)
A trader monitoring a chart. (Photographer: Jason Briscoe/Unsplash)
While the risk-reward ratio for the Nifty isn’t favourable, the Bank Nifty may trade in a sideways range, according to Rahul Mohindar, technical chartist and director of Viratech Software.Mohindar, who spoke about what the charts indicate for Indian markets, told BloombergQuint’s Niraj Shah in an interaction that if the Bank Nifty is to come out of its “slumber”, it needs stocks like HDFC Bank Ltd. to perform.He is bullish on state-r...
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