Nifty Outlook for August 10: Analysts see positive bias, but index likely to stay choppy

The Nifty Bank index, meanwhile, settled at 57,801 at 3:15 pm on Friday, while its post-Closing Auction Session (CAS) settlement price came in at 57,746, down 55 points. Over the past five trading sessions, the index has remained in a consolidation range of 57,353-58,248, while holding above its 20-day EMA. By Meghna Sen Choppy trade continued on Dalal Street for the fourth consecutive session on Friday, with the Nifty 50 ending lower after failing to sustain an early recovery. The index opened nearly 100 points lower but attempted to recover during the first 45 minutes of trade. However, the recovery…