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Nifty 50 falls 0.6% below 25,000; Bank Nifty drops 0.79%

Negative-12

GreyOak summary

The Nifty 50 closed 0.61% lower at 25,144, ending a three-day winning streak due to profit booking. The Bank Nifty underperformed, falling 0.79% to 61,034 with a bearish harami pattern. Technical analysts warn that a break below 25,000 could extend selling pressure.

What it affects

  • NIFTY 50Negative -12

    Closed 0.6% lower at 25,144 amid profit booking.Rolling sentiment Positive +28

  • NIFTY BANKNegative -12

    Rolling sentiment Neutral -5

Source

Read the original at Moneycontrol

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