Bank Nifty Outlook:-
Bank Nifty managed to hold above 30,000 level and remained consolidative for the most part of the day but failed to cross above 30,250 zones. The index closed 165.70 points higher at 30,104.25 and formed a bullish candle on a daily scale. Supports are gradually shifting higher. Now it has to continue to hold above 30,000 to witness an upmove towards 30,250 then 30,500 zones while on the downside major support is seen at 29,700 then 29,500 levels.
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