A small negative candle with a long upper shadow on the daily chart suggests a false breakout above 25,500. This sharp rejection from new highs indicates a potential short-term dip, according to Nagaraj Shetti of HDFC Securities.
US stocks: US market rebounds, but yield surge sets stage for weekly losses
Major Wall Street indexes opened higher on Friday after significant declines. The Dow Jones Industrial Average saw a slight increase at the opening. The S&P