Nifty closed lower on Wednesday, erasing earlier gains after the RBI shifted its liquidity stance to ‘neutral,’ signaling a potential rate cut. The index ended down 0.12% at 24,981.9. Jay Thakkar of ICICI Securities noted that the PCR remains oversold, suggesting further bounce-back potential. However, the MACD indicates a sideways to negative trend. Immediate targets are 25,300 for resistance and 24,818 for support
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