Nifty and Bank Nifty triggered a buy in the first hour of 1 dec trading.
The indices are now trading above or near the short term resistances at 6000 and 12500 respectively.
Since there has been a move of more than 2% there is short term overbot levels which can trigger the profit booking.
So one can book partial (50%) of profit booking here and let the other half run till we get the proper exit signs.
Attached are the charts.
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