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Trading Plan: Can US–Iran peace deal hopes trigger a rebound in Nifty 50, Bank Nifty amid consolidation?

In case of a bounce back, the Nifty may face resistance at the 50-day EMA, followed by 24,350. However, on the lower side, the 20-day EMA (near 24,000) can act as immediate support, as a decisive fall below it can take the index down to 23,800.



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