The Nifty Bank is moving with a subdued mood, with the index rising just over 60 points. The 53,000 level on the downside is key, while 54,000 on the upside is the level to watch.
The India VIX remains near 20, and analysts see this as a worry.
For the Nifty, 23,250 - 23,350 remains a support zone, while 23,700 - 23,800 needs to be crossed on the upside for a move back towards 24,000.
Keep an eye on Adani Group stocks today, along with names like IOC, IGL, Afcons, BEL, BPCL, Zee Entertainment and others.
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