 "The decline in Nifty Bank index should be utilized as a buying opportunity")
BUY BANK NIFTY | TARGET: 32,600 | STOP LOSS: 31,550
The Nifty Bank index has outperformed so far this week and is showing resilience as every dip is getting bought into. Although, the momentum indicators and oscillators have reached the overbought territory but there aren't any signs of reversal yet. Hence, a further momentum on the higher side is likely to continue. The overall broader structure is hinting at a fresh new high in the January series and as long as it sustains above 31,550 levels, the decline should be utilized as a buying opportunity.
BUY INDUSIND BANK | TARGET: Rs 1,005
