Nifty closed above the 17,000 level for the first time on August 31. The banking index also gets momentum and closes at the highest multi-week 36,424,60.

The market tends to move towards 17,250-17,300, track strong global cues.

The technical chart shows that the banking index can outperform in the upcoming session because Bank Nifty has managed to close above the main resistance level of 36,400.

Bias is likely to keep supporting bulls during nifty survive above 17,000 levels.

Dingavative data shows the bear now feel uncomfortable at the current point when the author calls observed slaughtering their position while the authors look shifted to a higher ribbon and add a decent open interest at 16,900 and 17,000 fences.

Over the past two months, this stock has moved in a channel riding sloping down on the daily and weekly chart.

Has maintained a downward trend with lower highest formation and lower lower pattern.

At the current point, this stock has taken support at the 200-day exponential moving average on the daily chart andgiven the recovery of V form, regaining the momentum above Rs 1,300.

In addition, he has given a breakout above the trend of falling channels. Traders can accumulate stock in the range of Rs 1,330-1,355 for the upside down RS 1,490 target.

During almost the last ten weeks, this stock has floated in a broader range of RS 145-165, adhering to the 200-day exponential moves on the daily chart.

This week, this stock has provided a breakout above a rectangular pattern after a prolonged consolidation.

Price volume action is also well supported for the next leg in price. Traders can accumulate stock in the RS 158-159 ange for the upside down RS 177 target.