the index erased all of its previous day’s gains and formed a long bearish candle on the daily chart that engulfed the previous day’s green candle—a Bearish Engulfing formation—signaling weakness.

Technical View: Nifty faces hurdle at 25,250, rangebound action likely to persist; Bank Nifty holds 20-day EMA

Monthly options data suggests that the Nifty 50 is expected to trade in the 24,800–25,300 range in the near term. Nifty Outlook for July 25 The Nifty failed to witness follow-through buying on July 24 and closed the weekly F&O expiry session with a 0.6 percent loss. In fact, the index erased all of its…