Technical outlook: Nifty 50 – will the correction continue?

In our previous post on the outlook for the Nifty 50 index, we had shared the view that the Nifty 50 index could get into a short-term correction. In that post, in addition to the Nifty 50 trends, we had also made a mention of three sector indices – the Nifty IT index, Nifty FMCG & Nifty Bank – that could be instrumental in triggering short-term corrections. 

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