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Nifty Bank At All Time High: Nifty Bank opened the session at an all-time high of 58,297.20, up 290 points or 0.50 per cent. The index touched an intraday high of 58,394.80 and a low of 58,157.60, after closing at 58,007.20 in the previous session.

Anil Singhvi, Managing Editor, Zee Business, advises:

- For existing long positions: Maintain an intraday and closing stop loss at 57,700.

- For existing short positions: Maintain an intraday and closing stop loss at 58,300.

- Aggressive traders: Can buy with a strict stop loss at 57,700, targeting 58,150 and 58,250. Above 58,300, the index enters a “blue-sky zone” with potential targets near 58,500 and 59,000.

- Sell strategy: Only consider selling if the index trades below 57,600, with a strict stop loss at 57,900.

Abhay Shukla is a Senior Sub-Editor at Zee Business, where he covers the stock markets, corporate news, personal finance, technology, and auto sectors.

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