New Delhi, March 26 -- How Nifty 50 performed on 25 March

Nifty 50 snapped its winning streak and closed flat at 23,668 on Tuesday. Taking cues from global markets, the index opened on a positive note but faced resistance around 23,850, which aligns with the 50-week moving average (WMA). As a result, it erased all its gains within the first couple of hours. Following this, the index moved sideways in a range.

This price action led to the formation of another bullish candle on the daily chart, characterised by a higher high and a higher low structure. All indices closed lower except for IT and financial. Meanwhile, market breadth remained weak, with the advance-decline ratio at 1:5.

From a technical standpoint the index closed above the...