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Reputation: 642,681 • Nov 29, 2023 10:46 PM

Nifty should now attempt to get past 20,222; the next objective should be 20,700: Rohit Srivastava

Bank Nifty has been the laggard, but I think it should slowly start catching up. 61% retracement of its entire fall would come in at around 44,740, that is going to be the initial hurdle. We will wait to see that being surpassed and then we can probably look at it also testing the highs if it gets past that level.

The Economic Times

𝗡𝗲𝘄𝘀 𝗦𝘂𝗺𝗺𝗮𝗿𝘆
• The Nifty is expected to attempt to surpass 20,222 and reach 20,700, while the Bank Nifty may play catch up.
• Private banks may see more participation, with HDFC Bank and Kotak Bank reaching significant support levels.
• Bandhan Bank and RBL Bank have interesting support levels at Rs 210 and Rs 222, respectively.
https://economictimes.indiatimes.com/markets/expert-view/...
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