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Benchmark charts show improving momentum as Bank Nifty clears resistance
Market charts indicated strengthening momentum, with Bank Nifty breaking a resistance trendline and the Nifty 50 maintaining upward bias after recent consolidation.
Technical indicators reflected improving momentum in Indian equity benchmarks, with the Nifty 50 sustaining recent gains and the Bank Nifty moving above a key resistance trendline. Market charts showed increased participation across banking stocks, while broader index structure remained supportive. Traders monitored price action and volumes as indices approached previous highs, following a period of consolidation in the recent sessions.