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Daily Technical Outlook

Nifty closed at 24,347 on Friday, up 13 points. On the daily chart, it formed a small bullish candle with shadows on both sides, reflecting indecision among participants over the near-term direction.

Bank Nifty gained 28 points and settled at 55,115. A Doji candlestick on the daily chart signals similar indecisiveness regarding the index's next move.

Our trend score analysis of the Nifty and Bank Nifty indicates a mild bearish outlook for the benchmarks.

Please refer to the attached report for a more detailed analysis, including pivot levels, key metrics, and a list of gainers and losers.

Nifty

Daily Pivots

Bank Nifty

Daily Pivots

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