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Nifty settled at 26,176, slipping 27 points in the previous session. The index printed a bearish engulfing pattern on the daily chart after confronting a key resistance near its all-time high, signalling profit booking at elevated levels.

Bank Nifty closed at 59,681, down 71 points, forming a bearish candle with a modest lower shadow, reflecting profit booking at higher levels and mild intraday pressure.

Our trend score analysis suggests a mild bullish outlook for both the Nifty and Bank Nifty benchmarks.

Please refer to the attached file for in-depth market insights, featuring pivot points, key metrics, and the leading gainers and losers.

NIFTY

Daily Pivots

BANK NIFTY

Daily Pivots

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