Nifty Bank opened on a negative note against its previous close of 55,540.05, but buyers stepped in after it tested intraday lows. The index then rebounded firmly to close near the day’s high and extend its winning streak. The index opened at 55,485.10, touched a high of 55,946.85, a low of 55,294.50, and closed at 55,913.60, up 373.55 points or 0.67%. HDFCBANK (+1.54%), SBIN (+0.90%), and BANK BARODA (+0.85%) led the gains, while KOTAKBANK (-1.13%), AXISBANK (-0.06%), and ICICIBANK (-0.03%) were the only laggards. AUBANK (+2.77%) was the top gainer. The strong bullish candle reclaimed the 50-day SMA, and the lows near 53,800 and 53,600 points to a possible double bottom.
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