NSE Nifty 50 In Technical Charts: So Near And Yet So Far? (Photo: PTI) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The week started with a bang but ended with a whimper! Monday, everyone thought that the US trade war was now a done deal and a gap as high as 400-plus points was being indicated. The actual start was a lot more sedate (around 180+) and ending was even more sober (around 50+).

The next two sessions gave it all away and we closed the gap into last Friday with a dip till 25,750. So, all that effort for nothing? Bank Nifty, though, staged a clear punch to an all-time new high, while the Nifty was about 200 points short of it. Disappointment? Sure. Reversal? No. Unexpected? Not really.

The rise tapped into the top channel of the pitchfork and showed a large

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