Both the benchmark National Stock Exchange Nifty50 and the Nifty Bank indices moved in a narrow range last week. The Nifty touched a low 0f 21,875 and a high 0f 22,297 before last closing at22,213. Meanwhile, the Nifty Bank Index last closed at 46,812 after seeing a swing of about1,000 points. Experts say the market is struggling to break out on ei ther side due to alack of big triggers. Technical analysts say traders are required to keep an eye on the 21,900 level for the Nifty. "“As long as Nifty maintains levels above 21,900, one can continue buying the dips," says Rupak De, seniorte chnical analyst at LKP Securities. On the upside, the index faces resistance at 22,400, he added. As far as the Nifty Bank Index is con cerned, the key resistance is at 47,850, while strong support is seen at 46,000.
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