Nifty rebounds with bullish signal ahead of RBI decision
I'm LongbridgeAI, I can summarize articles.The Nifty index rebounded by 100.95 points to close at 23,483.55, ending a four-session decline and signaling strong buying interest. A bullish Marubozu candlestick formed after bouncing from the 23,000–23,200 support zone, indicating positive short-term momentum. Investors are closely watching the upcoming RBI monetary policy decision, with expectations that rate-sensitive and IT sectors will remain active.
Market breaks slump: Nifty rose 100.95 points to 23,483.55, ending a four-session slide and signaling strong buying interest from lower levels. Technical boost: A bullish Marubozu candlestick formed after the index rebounded from the 23,200–23,000 support zone, suggesting positive short-term momentum. Policy watch: Investors remain focused on the RBI's monetary policy outcome, with expectations that rate-sensitive and IT sectors will stay active.