Bank Nifty

Bank Nifty Outlook:-

Bank Nifty took a breather as marginal hint of profit booking was seen. Nifty Bank index outperformed the benchmark index by 0.4%. Nifty PSU Bank index was up 0.6% led by a strong momentum in PNB which added fresh long positions and gained 3.65% at the close. Indigo soared ~7% along with a rise of 8% in open interest, consisting mainly of long positions.

Daily Chart:-

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