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Bank Nifty prediction today—May 6, 2024: Bears to gain traction, sell futures

Bank Nifty prediction today—May 6, 2024: Bears to gain traction, sell futures
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Bank Nifty hits record high; Use bidirectional strategy to navigate today s expiry volatility

Bank Nifty will continue to maintain a sideways to bullish bias unless the key support area of 48,650 is breached intraday.

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Bank Nifty gains after RBI holds rates: Use this long call strategy with low risk, limited loss if index falls

With RBI keeping key rates unchanged, which was the expected stance, Bank Nifty does not seem to have any barriers for a small bump on the upside.

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Bank Nifty prediction today—Feb 20, 2024: Wait for a directional signal

Bank Nifty prediction today—Feb 20, 2024: Wait for a directional signal
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F&O | Strategies to trade Bank Nifty on expiry day

On the technical front, the next hurdle for Nifty Banks falls at 44000 – 44200 levels, while support comes to 43200 – 43100 levels. The underlying bias continues to stay bullish as per analysts.

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