AU Small Finance Bank became a part of the Bank Nifty from Wednesday, which has sparked bullish positions in the bank. “AU is coming into the Bank Nifty now. That’s why it seeing a high open interest,” said Chandan Taparia, derivative analyst, Motilal Oswal. “Overall outlook is positive with support at Rs 1,175. It can go to Rs 1,300 in the near term,” said Taparia.
– Stocks-Markets-Economic Times
