Bank Nifty ('BN') is at a immediate resistance, which also a key level for overall movement of the market. As you know from our Nifty analysis that good triggers (such as good GDP data, economy and better revenue collection) will help the market to close in green, but the key is to sustain above the key levels.
If BN crosses 38k levels and sustain, then there is a good chance to reach at 41k subject to good earnings and positive foreign markets and no new COVID variant.
If BN crosses 38k levels and sustain, then there is a good chance to reach at 41k subject to good earnings and positive foreign markets and no new COVID variant.