Jose Mathew

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.

From a technical perspective, momentum indicators still signal a negative trend as the Nifty remains  below its short- and medium-term moving averages.

Technically, momentum indicators point to a bearish trend, and Nifty remains below its short- and  medium-term moving averages

Technically, momentum indicators continue to reflect a negative trend, as the Nifty remains below its short- and medium-term moving averages.

However, from a technical perspective, momentum indicators continue to reflect a negative trend, as Nifty remains below its short- and medium-term moving averages

Technically, momentum indicators still point to a negative trend, with the index below its short-term moving averages.

The down trend is likely to persist if Nifty moves below its immediate support level of 24,070

On the sectoral front, banking, pharma, and financial services emerged as the top gainers, while FMCG, realty, auto, and metals were the major losers.

From a technical perspective, momentum indicators continue to signal a negative trend, as the Nifty  remains below its short- and medium-term moving averages

Momentum indicators continue to reflect a negative trend as the Nifty  remains below its short- and medium-term moving averages