Technical View: Trend remains positive but Hanging Man pattern signals caution in Nifty, Bank Nifty snaps 6-day rally

Participants need to exercise some caution, as the rally so far has been swift. Moreover, a Hanging Man-like pattern formed at the highs—a bearish reversal signal that will only be confirmed in the following session. Experts added that the immediate support lies in the 24,100 zone.

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