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In the previous session, Nifty closed at 24,793, registering a marginal loss of 19 points. On the daily chart, it formed a Doji candlestick, reflecting indecision and a lack of clear directional bias among market participants.

Bank Nifty settled at 55,577, down 251 points. The index formed a small bearish candle with a prominent upper shadow, highlighting selling pressure near the 20-day SMA, currently positioned at 55,858.

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

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

NIFTY

Daily Pivots

BANK NIFTY

Daily Pivots

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