Bank Stocks Rise Marginally Ahead Of RBI Policy Review; Tread With Caution, Say Experts

Banking stocks on Wednesday traded mixed ahead of the outcome of the Reserve Bank of India (RBI)'s interest-rate setting meet. "The current chart structure of Bank Nifty suggests that it is oscillating in escalating channels wherein intermediate support is placed near 26,000 marks. If bears manage to surpass the 26,000 mark, we may see a further fall towards 25,500 level. Traders are advised to be cautious on the higher level and pla...