Technical View: 20 DEMA remains a crucial hurdle for Nifty 50’s further upward journey; selling pressure may intensify if Bank Nifty breaks 56,500 support

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The Nifty 50 sustained above the 50-day EMA but remained below the short-term moving average (20-day EMA at 24,027). It needs to close and sustain above this level for an upmove toward the 24,100-24,200 zone, followed by 24,500. Until then, consolidation may continue, with immediate support placed in the 23,900-23,800 zone.   The Nifty 50…