Nifty 50 can see further weakness despite a positive short-term outlook with a bearish candle on daily charts and lower-top formation on intraday charts.
For any meaningful upside, Nifty must sustain above 25,500, with the next hurdle at 25,600–25,700, and immediate support at 25,400.
Key support for the Nifty Bank is placed at 56,000–55,500 region according to Bajaj Broking.
The Indian equity indices closed lower for the second consecutive day on Thursday with Nifty ending 0.19% lower at 25,405.30 and Sensex closing 0.2% down at 83,239.47.