This apparent volatility comes after eight days and two successive weekly gains. The index not only crossed 25,000 but also 25,100 in the final two sessions of last week as two of its heavyweight constituents, banks and IT, stepped up.
As the indices try to hold on to the previous gains, the focus is now on the August 21 swing high of 25,154.
The Nifty Bank contributing to gains would comfort the bulls, who would now want to conquer the 55,000 mark, a level above which the index has not closed since August 25.
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