Today's market rise was mostly attributed to the weekly expiry. However experts believe that we need a follow up buying above this level to ensure that bulls are back.
Nifty 17770 is a clear bull zone and Nifty below 17650 may push it to the bearish zone. Below 17150 bear will strongly overpower the market. See the market graph for 8th Sept 2022 :
Banking space is one sector that has kept a smile on investors’ faces since June 2022. No other sector has been able to outpace banks both in terms of the magnitude of returns and the drawdowns during the rally. Today, the Nifty Bank soared to a new high of 40,265.75, which is the highest level in over 10 months. Not just that, the Nifty Private Bank index also soared to the highest level since November 2021. See the performance of some of Banking Sector Mutual Funds in last 1 Year :
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