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#Nifty has risen very well in the second half last week. The price action on the chart leaves the outlook bullish for the #Nifty going forward. However, #BankNifty is stuck inside a sideways range and is looking mixed. On the charts, #BankNifty is looking slightly weaker than the Nifty.
#Nifty has support at 21,700-21,650. The outlook is bullish. #Nifty can rise to 22,300-22,400 this week. A break above 22,400 can take the Nifty up to 22,600-22,700 in the short-term.
#NiftyBank index is stuck in a sideways range of 46,900 and 48,650. The bias is slightly negative to break this range on the downside and fall to 46,200 or 46,000.
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BL Portfolio: https://www.thehindubusinessline.com/portfolio/
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