New Delhi, Sept. 28 -- The Nifty remained under pressure last week, slipping below the June low of 23,072 and marking a fresh swing low of 23,021. The index declined by 205.90 points, or 0.88%, extending its losing streak to seven consecutive weeks - the first such stretch since the COVID-19-led market fall.

Trading volumes remained subdued compared with recent weeks, while the index continued to trade below all major short- and long-term moving averages. The overall technical structure also remains weak, with the Nifty forming a sequence of lower highs and lower lows. More importantly, the index has repeatedly failed to sustain a close above the previous session's high, indicating selling pressure at higher levels.

Although the Nifty s...