As expected, short covering above 35500 took bank nifty towards 35700+, now it is reaching higher end of the trading range.
36200 is the resistance level, now it shall respect the resistance, however we should be ready for an upmove as long Banknifty crosses 36000. Banks have been a laggard since last nifty rally, banks may catch up on some points.
Nothing has changed globally , jackson hole is being eyed as a key event now. US indices closed flat.
Dollar index has started getting a bid again , let’s see if it can cross above 94 or it will just consolidate ahead of jackson hole.
Bajaj twins continue to rally as Bajaj finserv got AMC license.