Nifty 50 Faces Downtrend Amidst Selling Pressure and Consolidation
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Nifty 50 Faces Downtrend Amidst Selling Pressure and Consolidation

The Nifty 50 experienced a downtrend last week, with selling pressure intensifying in the final two sessions. Momentum indicators suggest bearishness, and experts anticipate further consolidation. Sustaining below 25,700 could lead to a decline towards 25,600, with key support at 25,450 and 25,300. A reclaim above 25,700 might target the 25,900-26,000 zone. The Bank Nifty also showed bearish signs, slipping below its 20-day EMA.

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