Bank stocks may see further upside in near term

Implied volatility or IV — a key aspect of options premium pricing — in Bank Nifty options has touched a two-month high as sellers of call options were forced to cover their positions. Analysts believe it will be more rewarding to bet on the Bank Nifty in the near future as many of the other sectors such as IT and consumer have already seen a run-up.

via Economictimes