BANK NIFTY:
Trading in Rising Wedge Pattern, Currently for the May 2024 Series Stiff Resistance seen at 50200 Levels, Till Bank Nifty Closes above 50200 One should be take long positions on the banking stocks and Bank nifty. On the lower Side Support is seen 47100-47250 Level. Till Bank nifty closes below 47250 Long term investors should continue to Hold banking stocks.
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