Following the recent budget announcement, the market sentiment in the Nifty Futures has shown signs of seller exhaustion. As observed in the hourly chart, the green color indicator highlights a current seller exhaustion phase, with higher odds of a pullback. This exhaustion touching the 3 standard deviation band signifies an oversold sentiment in the short term. Consequently, the odds of a pullback in Nifty Futures are heightened, suggesting a potential rebound.
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