Bank Nifty projection: Analysts believe the banking index may rise even to the level of 45,500 soon if the index sustains the 44,150 mark. However, the sharp gains may attract some profit booking too.
Nifty Bank Put options distribution shows that the 39,000 strike price, followed by 38,000, have the highest open interest (OI) concentration, which may act as support for the current expiry.