Bank Nifty Outlook:-
Bank Nifty closed at 31265.45 closed 231.45 points higher. The Nifty PSU Bank index ended its 3-day losing streak. Shares of Indiabulls group remained under selling pressure with Indiabulls Housing Finance closing ~8% lower on allegations of siphoning off ~Rs 1 lakh cr. Nifty & Bank Nifty continued to add fresh open interest, indicating an addition of long positions.
Daily Chart:
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