Short Covering Lifts Bank Nifty, but 55,000 Resistance Remains Key
The Nifty Bank staged a sharp recovery in the latter half of the session, closing at 54,413.40, up 655.55 points (+1.22%). The rebound was largely driven by short covering in heavyweight banking stocks after the recent steep decline.The index found strong support near the 53,500–53,300 demand zon...
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