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Tech View: Nifty chart shows bearish RSI crossover. What should traders do on Thursday?
Sensex and Nifty ended with minor declines on Tuesday, pressured by IT and bank stocks. The Sensex fell 0.09% to 78,472.87, while Nifty dropped 0.11% to 23,727.65. Nifty breached the critical 200-DMA support, indicating further downside potential. Analysts highlight the negative crossover on the momentum indicator and a weak advance-decline ratio, signaling bearish sentiment.
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