F&O Talk | Nifty Bank can rally up to 52,300 in short-term, hurdle at 50,800-50,900: Sudeep Shah of SBI Securities

Shah stated that the zone of 50,800-50,900 would be the immediate hurdle for the index as the 20- and 50-day EMA were placed in that region. He further added that any sustainable move above the level of 50,900 would lead to a sharp upside rally up to the level of 51,700, followed by 52,300 in the short term.