Since Covid-19 lows, the average intermediate corrections have been to the tune of 8-10%. With an 8% correction already in place amid oversold conditions, coupled with the outperformance of Bank Nifty.
Tech View: Nifty forms Piercing Line candle on daily chart. How to trade on Wednesday
Nifty ended Tuesday’s session 218 points higher, forming a Piercing Line candle. The underlying short-term trend is on the verge of reversal. A move above