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Read about the latest news on Bank Nifty, which closed higher amidst high volatility. Discover key insights on candlestick patterns, support and resistance levels, and option chain analysis, along with a detailed trade setup and trend line analysis.

U.S. stocks closed mostly lower amid contagion risk concerns, despite efforts to protect the banking system. Interest rates and inflation outlook were reassessed after the collapse of Silicon Valley Bank and Signature Bank. Gold prices rose as the dollar index declined. Asia-Pacific markets tumbled on Tuesday due to concerns over failed banks in the U.S. Nifty fell for the third consecutive session.

Get insights into the Bank Nifty's performance with our analysis of its candlestick pattern, resistance, support, option chain, and trade setup for Tuesday.

YES Bank's stock price plummeted 13% as the lock-in period under RBI's Reconstruction Scheme 2020 ended, resulting in the release of shares. SBI's stake in the bank reduced to around 26%. Despite gradual improvements in asset quality, the bank faces risks, including AT-1 bonds write-down, according to analysts.

The Indian stock market is facing turbulence due to the SVB crisis and global market volatility. Bank stocks are suffering, Nifty is experiencing a bearish momentum, and investors are cautious about potential rate hikes. Stay informed to navigate this uncertain market.

The upcoming economic data releases include inflation, trade data, and unemployment reports from major economies like the US, UK, India, and China, as well as the ECB's decision on interest rates. Stay updated with the latest developments in the global markets.