On the daily charts, it formed a bearish candle and has been making lower highs and lower lows for the last six sessions. The index has support at 37,300 levels, while resistance is at 38,500 levels.
Oil prices fell for a second day on hopes that renewed U.S.-Iran talks could ease Middle East supply disruptions after the Strait of Hormuz closure.
A recent rebound in benchmark indices has improved short-term market momentum, but it is not yet strong enough to signal a sustained bullish trend.The share
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