Nifty 50 and Nifty Bank index witnessed some wild moves on Friday. The sharp fall and a strong recovery indicate that strong buyers are there at lower levels. That keeps the overall bullish view intact for both the nifty and bank nifty. The price action last week indicates that we can get ready for an early Santa Claus rally this year.

Nifty can rise to 25,100 and 25,500. Supports are at 24,600, 24,500 and 24,200.

Nifty Bank index can rise to 55,500 on a break above 54,000. Supports are at 53,000 and 52,500.

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