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Nifty Bank holds 50-DMA; close below 46,300 can intensify selling pressure next week: Experts
Nifty Bank managed to hold on to 50-DMA placed at 46,552 on the daily charts. However, if the selling pressure persists, the momentum can take the index towards 46,300-46,000 levels next week. The Nifty Bank fell 195 points to 46,694. The Nifty50 saw a fall of 123 points to close at 22,023.