NIFTY On Indices analysis, we are looking at some of the top Indices at the weekly level. It is clearly visible that Nifty is on the bearish side and holding at key support. The next key support could be 23,500. Last week's bearish candle somewhat engulfed the previous bullish candle, confirming the downtrend.The rest of the other Indices are also looking at a downward trend with a few exceptions like IT, Pharma & Metal, which have made a double top pattern for a trend reversal.
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