Bank Nifty is something that looks a little tired and a bit of a correction can be seen on that front. So traders should closely monitor 42,900 as that happens to be the immediate support, at the moment. If 42,900 breaks, then maybe traders can look for a short selling opportunity in the Bank Index and then a 400-500 points downside can be seen in the Bank Nifty. Overall as far as markets are concerned I see a bit of a profit booking but nothing alarming at the moment.
Dow ends 400 points higher as investors buy AI stocks; Microsoft rallies
Wall Street experienced gains on Friday, driven by positive performance from Microsoft and AI-related technology stocks. High oil prices and rising US Treasury yields created