Can Nifty break the 8-week deadlock or will pain continue? Here’s what charts indicate

Nifty rebounded after its longest weekly losing streak in 25 years, but technical indicators suggest the broader downtrend remains intact. The index is near key support at 21,743–22,182, while 22,550–22,600 is the immediate hurdle. A break below support could expose Nifty to 19,000 and 16,700.