“On the daily chart, the benchmark Nifty has formed a dark cloud cover formation, suggesting a bearish reversal. Besides, the index has fallen below the 200-DMA, which is again a bearish setup,” Rupak De, Senior Technical Analyst at LKP Securities, said.
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The market has digested the continuing geo-political concerns and with the new US president taking an anti-war stance, there are high chances that various regional