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Nifty Bank rallies over 2,000 points to reclaim 49K; deploy buy-on-dips strategy: Experts
The Nifty Bank opened higher and built on gains throughout the trading session. It witnessed a mild profit taking near its intraday high but closed above 49,000. "The Bank Nifty index saw a sharp recovery from its 200-day moving average, closing above its rising trendline and 21-day EMA,” said Rupak De, Senior Technical Analyst, LKP Securities.