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Indecision Candle Keeps Recovery Hopes Alive for Benchmark Indices
A Doji formation on the Nifty chart signals market indecision after weakness, raising hopes of a short-term bounce, while Bank Nifty’s rebound suggests emerging support from banking stocks.
Indian equity benchmarks showed signs of stabilisation after recent weakness, with Nifty forming a Doji candlestick on daily charts, reflecting indecision between buyers and sellers. Technical analysts say this pattern, emerging near key support zones, could allow bulls to attempt a short-term rebound if follow-up buying sustains. Meanwhile, Bank Nifty managed to end its three-session losing streak, indicating selective strength within banking stocks despite overall cautious sentiment.