Rebound, if any, may face selling pressure unless oil price steadies: Analysts

Benchmark Nifty experienced a significant drop, ending the week with substantial losses. Escalating global conflicts triggered a sharp rise in crude oil prices, intensifying investor caution. Analysts point to broken technical supports and weakening momentum indicators. The near-term outlook is firmly bearish, with any rebounds expected to face selling pressure unless global tensions ease and crude prices stabilize.