Daily_Technical_Report_140826

The Indian markets remained under pressure for the third consecutive session, with the benchmark index hovering near its 20-DEMA amid a weak bias. Although bulls showed some resilience around intraday lows, supporting a modest recovery, the momentum soon faded, resulting in another choppy session for the Nifty50. In the absence of any major market moving developments, the index eventually settled around 24400, registering a marginal decline of 0.16 percent and reflecting continued cautious sentiment among market participants.