Street signs: Nifty at crucial juncture, JSW Infra's port of call, and more

Nifty forms bearish candle with long wick

Since reaching its record closing high of 20,192, the benchmark National Stock Exchange Nifty50 has experienced a decline of 518 points, equating to a 2.6 per cent drop over four consecutive sessions of losses. The index most recently closed at 19,674, a level deemed crucial by technical analysts. “On the weekly charts, the Nifty has formed a long bearish candle, indicating weak sentiment in the near future. However, due to temporary oversold conditions, we could expect a quick pullback rally in the near future. For short-term traders, the 50-day simple moving averages of