A rejection was seen last week after forming a new high of 18,778; however, the higher high and higher low structure will be only challenged if we breach 18,464 on the way down. Nifty formed a bearish inverted hammer candle on weekly charts, which means the bias remains negative, especially if we breach the previous week’s low of 18,531.
Sugar stocks rally continues: Balrampur Chini, Dhampur Sugar, Uttam Sugar Mills rally up to 4%. Two big triggers
Sugar stocks rallied as domestic sugar prices surged sharply over the past month. Government data showed retail prices rising from Rs 48.18/kg on July 20
August 28, 2026