New Delhi, Aug. 6 -- Technically, the Nifty 50 continues to find support at its 100-EMA, providing short-term stability. The RSI has been moving sideways and is currently positioned at 40, indicating a lack of momentum. Additionally, the MACD remains in a negative crossover, trading below both its signal line and the zero axis. This combination of indicators suggests a cautious near-term outlook, with momentum still subdued. A strong reversal seems unlikely unless the index decisively breaks through key resistance levels, accompanied by sustained buying pressure.

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