IGI Logo

Nifty ended Friday’s session at 25,150, losing 205 points. On the daily chart, the index formed a large bearish candle with a lower high-low structure, signalling continued weakness. The close below the 20-day SMA (25,265) further reinforces the negative momentum.

Bank Nifty settled at 56,755, down 201 points. The index formed a small bullish candle with a prominent upper shadow, indicating selling pressure and resistance at higher levels.

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

Kindly refer to the attached report for deeper insights, including pivot levels, key metrics, and top gainers and losers.

NIFTY

Daily Pivots

BANK NIFTY

Daily Pivots

For More Axis Securities Disclaimer https://simplehai.axisdirect.in/disclaimer-home

SEBI Registration number is INZ000161633