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Nifty Forms Bullish Candle as Banking and Financials Hit New Highs
Nifty formed a bullish candle with banking and financials hitting record highs, indicating continued trend strength supported by buying at lower levels.
The Nifty index formed a bullish candle on the daily chart, signalling continuation of its upward trend as buying interest intensified at lower levels. Banking and financial stocks led the rally, reaching new all-time highs amid strong credit growth visibility and favourable liquidity conditions. Traders observed strong support zones forming around recent lows, suggesting sustained confidence in the index’s medium-term direction. Market analysts highlighted that momentum indicators remain positive, although global volatility could still influence short-term movements.