Till the time, the levels of 57981/17269 are not taken out convincingly, expect the markets to consolidate in the 57090/17000 – 57627/17163 band.
While the downside looks limited, the upside may remain capped due to volatility / news flow regarding the virus and its strains.
The BANKNIFTY needs to cross 36307 and respect yesterday's low of 35328 for any meaningful base formation.
Having a stock specific approach will be a good strategy for now.
30 Nov 21
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