Nifty Bank weekly outlook: Index resistance at 48,200; HDFC Bank, Kotak, Canara Bank & SBI may do well

Nifty Bank’s Put options exhibited the highest concentration at 47,000 and 47,500 strike, potentially serving as support levels for the on-going expiry. Conversely, call strikes at 48,000 and 48,500 showcase significant Open Interest (OI) concentrations, suggesting potential resistance levels for the current expiry.
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