NIfty and banknifty range
Both nifty and banknifty closed below all moving averages (20,50,200) in daily chart, any trend reversal confirmation needs price above the range ( box highlighted ) or any pull back below the range may form a double bottom or H&S pattern to bounce back . Over all any move above 17000 Nifty and 36700 Bank nifty ensures a bullish reversal.
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