The momentum indicator aligns with this bearish outlook, displaying a crossover. Nifty might remain in sell-on-rise mode as long as it remains below 21,850. On the downside, support is situated at 21,500, Rupak De of LKP Securities said.
Pre-market action: Here’s the trade setup for today’s session
Indian benchmark indices opened flat and remained under pressure throughout the session. Analysts suggest the Nifty’s immediate bias remains down, targeting key support levels. The