After forming a Bullish candle on the daily scale, Nifty Bank is forming higher lows from the last four sessions. Now, it has to hold above 39,750 zones for an up move towards 40,000 and 40,250 zones, whereas supports are placed at 39,500 and 39,250 zones.
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Despite negative sentiment and foreign investor selling, Indian equities are showing signs of building a base, with a breakout above 24,500 on the Nifty potentially