Nifty weekly outlook shows continued selling pressure
The NIFTY 50 closed at 23,114.50, down 36.60 points, marking its fourth consecutive week in the red. The index has declined nearly 13% from its all-time high, indicating a significant corrective phase in the market.
after close1 source ↓written by the desknot a recommendation
- 50 closed
- 23,114.50
- 36.60 points (-0.16%)
- before correcting
- 23,862.25
- a low
- 22,930.35
- weekly RSI
- 30.22
The NIFTY 50 closed at 23,114.50, down 36.60 points (-0.16%), marking its fourth consecutive week in the red. The index peaked at 23,862.25 before correcting to a low of 22,930.35, indicating persistent market uncertainty. With a weekly RSI of 30.22, the index reflects near-oversold conditions, suggesting potential for a rebound if buying interest returns.
Not investment advice. For informational purposes only.