HOOK shaping up in Nifty ... wait for confirmation

NSE:NIFTY   Nifty 50 Index
NIFTY and BANKNIFTY both slipped yesterday to post a new lower close, which has resulted in yet another HOOK setup for both indices. This means that once yesterday’s high of 11,300 for Nifty and 29,100 for BankNifty is breached, we can expect short covering led bounce back.


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