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NIFTY 50 is the main index for the National Stock Exchange of India (NSE). It tracks the performance of the top 50 stocks by market capitalization from 13 sectors of the Indian economy.



Bank nifty hourly time frame. A good triangle pattern formed but broke down like brittle glass just after giving an hourly close above the breakout level. This is a classic study opportunity to understand how breakouts fail. Even a positive close doesn't mean anything unless price action supports it. PS: One can always go short from the low of hourly candle with a very tight SL as major trend.