The Nifty extended its losing streak to a seventh straight week, closing down 0.88% at 23,140.50 as bearish technical momentum continued to dominate trading. With the 23,000–23,200 band now acting as a critical support zone, traders are watching whether bulls can engineer a rebound before resistance at 23,375 and 23,600 caps any recovery.
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"Nifty Tests 23,000 Support as Seven-Week Slide Raises Rebound Stakes"
The Nifty extended its losing streak to a seventh straight week, closing down 0.88% at 23,140.50 as bearish technical momentum continued to dominate trading. With the 23,000–23,200 band now acting as a critical support zone, traders are watching whether bulls can engineer a rebound before resistance at 23,375 and 23,600 caps any recovery.
Nifty Tests 23,000 Support as Seven-Week Slide Raises Rebound Stakes
R
RDU Global Wire
Macro Economy & Fiscal Policy Desk
New Delhi, India Just now (02:41 AM IST)•4 min read
The Nifty extended its losing streak to a seventh straight week, closing down 0.88% at 23,140.50 as bearish technical momentum continued to dominate trading. With the 23,000–23,200 band now acting as a critical support zone, traders are watching whether bulls can engineer a rebound before resistance at 23,375 and 23,600 caps any recovery.
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