The Bank Nifty index underperformed compared to Nifty50 and formed a small bullish candle on the weekly scale. On the upside, 22,400 will be a crucial resistance for the Bank Nifty and only a move above the same might reflect the clear strength in the market. Thus, one should remain cautious as the Bank Nifty has rallied significantly and in case of any long positions, follow a strict stop loss of 20,500.
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