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Trading Plan: Will the Nifty, Bank Nifty consolidate after recent correction?

Trading Plan: Will the Nifty continue to outperform Bank Nifty going ahead?

The Nifty 50 is likely to consolidate and remain rangebound until it decisively surpasses the 22,600 level, with support at the 22,500-22,400 zone. However, above 22,600, the bulls may gradually take the index towards 22,800 in the coming sessions, according to analysts.

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Despite elevated volatility, the market is expected to maintain an upward journey in the coming sessions, along with intermittent consolidation.

Technical View | Nifty may continue to consolidate, support at 21,500

The options data suggests that 21,700 mark will be the key hurdle on the higher side and 21,500 will be the immediate support on the lower end

Why this analyst sees more correction in HDFC Bank, predicts buying in IT stocks

Shitij Gandhi of SMC Global is not bearish on Bank Nifty. Bank Nifty could find support near 45,550 zone.