NIFTYBANK - EXPIRTY HURDLE?
Nifty Bank pounces ahead piercing the 39000 led by the PSU Bank pack, the steam is still on and only concern is the weekly expiry. With the recent gains some counters may experience profit taking but the trend is positive. Any failure would require close below 38400 while bulls would try to explore in the near zone of supply 3920-40200. Continue to favour select PSU Bank counters while Pvt Banks would find it difficult to hold the gains. Rotation within Rotation. For the day 39150-39650 are the ranges.
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