04 Aug ’23 Post Mortem on Nifty & BankNifty | Honeymoon over for the bears?

Nifty50 Analysis For 2 consecutive days the bears had a good time and now it is over! Today’s price action and the inability of the sellers to push down the prices indicate the bulls are gaining traction. Most analysts would prefer to watch for 1 to 2 more days before changing the bearish bias — I would…