NIFTY had a discouraging week of trade, with losses extending into the fourth consecutive week. Starting the week on a weak note, sellers dominated proceedings for most of the week. They made a mid-week attempt to assert their control, opening with a notable gap-down, but buyers managed to prevent any further extension of the downside, thereby capping the losses for the week. Thereafter, although buyers attempted to push prices higher, they failed to sustain at elevated levels, resulting in intraday gains being frittered away and the index eventually settling at 23897, registering a weekly loss of 1.15%.
Daily_Technical_Report_070926
Published on 7th September 2026
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