Sideways Bias Intact; Short-Covering Likely Only Above 54,200 Breakout
The Nifty Bank index staged a sharp rebound on Wednesday after slipping into oversold territory, but the recovery stalled just below a crucial resistance zone. The index closed at 54,067.55, up 406.55 points, yet remained capped beneath the key 54,150–54,200 band. As long as the index struggles t...
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