Nifty's Dark Clouds Gather: Bearish Sentiment Takes Hold

3 hari yang lalu

• After reaching a high near 26,280, the index encountered considerable resistance and subsequently fell.
  
• A Head & Shoulders pattern is currently developing, leading to a negative sentiment in the market.
  
• If the neckline is broken, the index may quickly decline to the 24,000 level. This level will be critical in assessing whether the index can bounce back or if it will drop below the support level.