From a technical perspective, momentum indicators point to a negative trend, with the Nifty trading below its long-term and medium-term moving averages
From a technical perspective, momentum indicators point to a negative trend, with the Nifty trading below its short-term and medium-term moving averages.
Nifty closed above short-term moving averages, signaling bullish momentum; resistance at 24,500 could lead to further gains, with Bank Nifty also showing strength.