Before anyone could realize it, Nifty and Bank Nifty were back to 15,000 and 34,000, respectively.
Hence, looking at all this, it is quite clear that the benchmark is trapped in a wider range of 1000 points i.e.
Here the banking index holds some significance as long as 32,000 remain intact.
On Friday, a lot of PSU stocks kept buzzing throughout the day.
Since this space is known for its tremendous outperformance over the years, one must have a proper exit strategy for shorting positions.