Nifty Bank, which is near its 52-week high, was trading above 7 out of 8 SMAs. The index has to hold above 41,000 zones for an up move towards 41,250 and 41,500 zones, whereas supports are placed at 40,500 and 40,250 zones.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 42%
While bulls were a confident lot after the election results, with every trading session they are once again moving to take control of every corner