Nifty chart for the day

Nifty chart for the day After breaching 50 SMA few days back nifty now unable to cross above 50 SMA. It tried to cross that zone but faced heavy supply and back to 25700 now. Friday, we saw heavy selling as well. We need to see how HDFC and ICICI results are coming. It is expected today. Nifty is facing FII selling - heavy selling on daily basis. Support at RSI 40 and hence we are in a range for now. On the downside support at 25500. Strong supply 25900. Let's see how it goes now. Sector in focus PSU Banks Stock on radar

All this is for information. This is not a buy/sell recommendation. Thank you, Technofunda24