Nifty and Bank Nifty are showing multiple divergences at these levels. The support of 5400 was held for second time in a row and Bank Nifty again showed strength compared to any other sector.
While daily color still being Lev Sell, I feel that some partial profits can be booked at these levels and let some shorts run which can be exited at proper signal. Nifty 5465 and Bank Nifty at 10570.
Shorts can further be added if we break today low. It is the last legs of wave at support levels get tricky. Its the same at 5640 getting repeated at 5400.
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