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Nifty closed at 25,355, down 121 points, forming a sizable bearish candle on the daily chart. The price action marked a lower high–low and closed below the previous session’s low, signalling a potential extension of weakness in the near term.

Bank Nifty ended at 56,956, slipping 258 points, and formed a bearish engulfing pattern on the daily chart after facing strong resistance. This suggests profit booking at higher levels and a possible short-term reversal.

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

For comprehensive insights, please refer to the attached report, which includes pivot levels, key metrics, and a list of top gainers and losers.