After forming a Bullish candle on the daily scale, Nifty Bank is forming higher lows from the last four sessions. Now, it has to hold above 39,750 zones for an up move towards 40,000 and 40,250 zones, whereas supports are placed at 39,500 and 39,250 zones.
Technical setup signals near-term pain, but momentum may return next week: Rahul Sharma
Rahul Sharma of JM Financial Services suggests Nifty futures are range bound. A downward slide is expected, possibly reaching 25,200. Crossing 25,550 could bring fresh