Nifty Bank falls more than 1% in a week; breakout above 47,700 may trigger short covering move

The Nifty Bank fell from 48,143 as on 15th December 2023 to 47,491 recorded on 22 December 2023, which translates into a fall of 1.3% in a week. The Nifty50 closed with gains of 94 points at 21,349 on Friday.

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