₹1,626, before settling 1.7% higher at ₹1615.Nifty bank index fell 3.6% today to 19,912 with HDFC Bank, ICICI Bank and Axis Bank declining 3% to 4.5%. Here is what analysts said on today's market action:Manish Hathiramani, , technical analyst at Deen Dayal Investments"Nifty managed to respect the support of 9700 by bouncing from the intraday low of 9725.
The Nifty has gone sideways now and will trade in a range between 9,700 and 9,950. If we go past 9950, we should target 10200 and if we break 9700, we should fall to 9550."Ajit Mishra, VP - Research, Religare Broking Ltd."After a smart recovery on Friday, the bears were back in charge and dominated the move till the end.