Nifty Snaps Eight-Week Losing Streak, Recovery Uncertain

The Nifty index has broken an eight-week losing streak but remains below the critical 200-week moving average at 22,627. While daily charts show positive divergences suggesting possible technical rebound, overall momentum stays weak. Investors should monitor key support and resistance levels, sector rotation patterns, and whether the index can sustain a move above its long-term average before becoming more bullish.