Nifty’s near-term outlook is cautiously positive. Improving technical signals, a stronger rupee, and renewed foreign investor buying are supporting the market. While resistance at 26,000 is a key level, a breakout could lead to further gains. Traders can consider buying Nifty around the current price with a stop loss below 25,700 for potential upside.
Oil Price Today (August 26): Crude oil tanks 6% in two days to hover near $85. What’s behind the decline?
Brent crude futures were down $2.35, or 2.65%, at $86 a barrel, while U.S. West Texas Intermediate crude futures fell $1.94, or 2.36%, to $80.42.