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In yesterday’s session, Nifty settled at 24,380, down 82 points. On the daily chart, it formed a bearish candle but remained confined within Friday’s high-low range, signalling a lack of directional conviction.

Meanwhile, the Bank Nifty lost 648 points and closed at 54,271. The index formed a bearish candle with a lower high and lower low, closing below the previous session’s low—a sign of emerging weakness and potential for further downside.

Our trend score analysis indicates a bearish outlook for the Nifty and Bank Nifty indices.

Please refer to the attached report for a detailed breakdown including pivot levels, key indicators, and top gainers and losers.

Nifty

Daily Pivots

Bank Nifty

Daily Pivots

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