On Friday, Nifty closed 17.40 points or 0.07% lower to end the day at 25,492.30.Commenting on the current Nifty trends, Rupak De, Senior Technical Analyst at LKP Securities said that Nifty has been trading below the 50EMA, indicating near-term weakness. The index has been declining since forming a double top around 26,100 on the hourly timeframe, he added.“Recently, the index slipped below a critical moving average, setting a deeper bearish tone. The crucial resistance is placed at 25,600; as long as it re ...