Nifty 50 fell 1.41% on Monday, extending its losing streak. Negative momentum indicators hint at further dips if it breaks 25800 support. Bank Nifty also closed lower.
Major indices registered a decline of approximately 0.80% each, with mid-cap and small-cap indices also falling by around 1%, currency market shows weak trend as well
Nifty closed at 26,178.95, down 0.14%, with downward bias likely to continue if it dips below 26,150. Bank Nifty also lost 541 points, indicating a negative market sentiment.
The Nifty rose by 0.23%, reaching a fresh all-time high of 26,277 before closing with a 0.14% drop at 26,199. The Sensex hit a new peak of 85,978, climbing 0.16%, but ended the session at 85,615, a 0.30% fall from its previous close.
The Nifty technical outlook suggests continued bullishness in both Nifty and Bank Nifty, but traders should stay cautious around key support levels to manage potential downside risk.