Archive · 11 Sep 2026
Nifty 50 Ends Losing Streak as Oversold Bounce Emerges
The Nifty 50 stock index rose slightly on Thursday after falling for three days in a row.
It finished at 23,477.80, gaining 46.30 points.
Buyers appeared more strongly near the end of the trading session.
A chart pattern called a hammer suggests that some investors bought after prices fell.
The index is also in an oversold condition, meaning it may have fallen too quickly.
This could allow a short-term bounce.
However, the larger trend is still weak because the index remains below several moving averages.
The Nifty needs to stay above 23,495 to show that the recovery is becoming stronger.
JSW Infrastructure could also rise if it moves above ₹345.
The Nifty 50 rose 46.30 points to close at 23,477.80 on Thursday, ending a three-session losing streak.
Buying interest during the closing auction session helped the index recover after a volatile and weak trading session.
A hammer-like daily candle and an RSI below 30 suggest oversold conditions and the possibility of a short-term rebound.
The Nifty must sustain above 23,495, with resistance at 23,572–23,623 and near 23,720.
JSW Infrastructure is nearing a triangular-pattern breakout; a sustained move above ₹345 could target ₹358–369, with a ₹334 stop loss.
- Who
- The Nifty 50 and JSW Infrastructure are the securities discussed.
- What
- The Nifty 50 ended a three-session decline with a modest gain, while JSW Infrastructure approached a possible chart breakout.
- When
- Thursday; the JSW Infrastructure levels refer to its recent trading pattern.
- Where
- The Indian stock market, including the Nifty 50 index and JSW Infrastructure.
- Why
- Buying near the close and oversold technical conditions supported the Nifty’s rebound, while JSW Infrastructure’s consolidation suggests a possible breakout above ₹345.
- Nifty close
- 23,477.80
- Nifty daily change
- Up 46.30 points
- Immediate Nifty hurdle
- 23,495
- Nifty resistance zones
- 23,572–23,623 and around 23,720
- Technical condition
- Hammer-like candle and 14-period RSI below 30
- JSW Infrastructure breakout level
- ₹345
- JSW Infrastructure targets
- ₹358–369, with a stop loss at ₹334