Bank Nifty index eased 42.95 factors, or 0.07%, to shut at 60,626.40 on Tuesday, forming a small physique candle on the day by day chart, which suggests an absence of dedication from both bulls and bears, however continues to hold above all key shifting averages. Technically, this market action signals a formation of excessive wave sort candle pattern, which echoes minor volatility out there at the highs,” said Nagaraj Shetti, indwin7 Senior Technical Analysis Analyst at HDFC Securities. “A small pink candle was shaped on the every day chart with minor higher and decrease shadow. “We are of the view that the short-term market outlook remains constructive, but there could presumably be a fast intraday dip if Sensex slips under 84,100.
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