The Nifty Bank index is just 83 points away from its all-time high of 44,151.80, with all stocks trading in the green. Santosh Meena, Head of Research at Swastika Investmart, says the index has been showing strong leadership and is expected to reach a new high. HDFC Bank and State Bank of India have contributed to the positive momentum. However, Meena warns about potential profit-booking at current levels, and that the 20-day moving average could offer a support level on the downside. The S&P BSE Sensex and Nifty50 were also trading positively, and 14 of 15 sectoral indices were in the green.
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