Jose Mathew

However, the formation of a white candle on the daily chart, along with a close above  the previous session’s level, indicates a slight positive bias

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

On the technical front, momentum indicators point to a continuation of the bearish trend, with Nifty  trading below its short- and medium-term moving averages

Momentum indicators continue to signal a negative trend as Nifty remains below its medium-term  moving averages

If Nifty manages to hold above 25,100, it could test the next short-term resistance at 25,500 in the coming sessions. 

From a technical perspective, momentum indicators continue to signal a bearish trend, as the index remains below its short-term moving averages

Despite the formation of a black candle on the daily chart, the index managed to close just above the previous day’s level, suggesting a potential consolidation phase.

The negative bias may persist if the index sustains below the intraday support level of 24,950.

However, from a technical perspective, momentum indicators remain negative as the index continues to trade below its short-term moving averages

Momentum indicators point to a continued downtrend, with the Nifty trading below its short-term moving averages.