Daily_Technical_Report_210926

It was yet another disappointing week of trade for NIFTY, as losses extended for the fifth consecutive week. The curtailed trading week, however, began on an encouraging note, but the optimism was short-lived as sellers effectively utilized higher prices, resulting in prices retesting key support levels. Thereafter, some buying emerged, which helped prices stay afloat above the crucial 23000 mark and eventually secure a weekly close at the 23346 mark, registering a loss of 0.22%.