A decisive close above 25,220 would negate the bearish implications of the Shooting Star pattern. (Photo Source: Freepik) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The benchmark Nifty 50 index opened with a gap-down on Monday. However, after the initial dip, there was no major follow-up selling, and prices gradually recovered through the session. Importantly, the index protected both the first-hour low and Friday’s session low (on a closing basis) — precisely as anticipated in the previous analysis. Interestingly, on a closing basis, it also managed to defend the 25,220 level despite a sharp rise in the India VIX, the volatility gauge.

On the daily chart, the index formed a small-bodied green candle with an exceptionally narrow trading range i.e. difference between

See Full Page