Bank Nifty ended lower for the consecutive week, it lost 5.3% from the recent high. However today it swiftly recovered from lower levels and ended above 34500. Bank Nifty formed a long legged candle, positive follow-up through could lift it towards 35000. FMCG index rallied for the straight fourth week, sustained up move indicates more room on the upside for FMCG space.
