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Nifty May Slide Further Before Finding Footing
Financial Express Pune
|July 28, 2025
The Nifty shed 0.53% for the week to close at 24,837.
This marked the fourth consecutive weekly loss for the markets. To top it off, the Nifty closed below its 50-day exponential moving average (Dema)—the first such close since April 11, 2025. The only consolation: the close is also below the recent swing low of 24,882 made on July 21.
The benchmark has now been consistently forming lower tops and lower bottoms—a clearly bearish pattern. The oscillators are also showing bearish signals. While the markets may be termed oversold, there is still room for further decline. One will have to wait for a positive divergence to emerge before gaining confidence.
This story is from the July 28, 2025 edition of Financial Express Pune.
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