Nifty 50 Snaps 4-Day Rally, Forms Bearish Engulfing Pattern

The Nifty 50 ended its four-session recovery on Tuesday, closing at 23,329, down 85.30 points, after facing selling pressure near 23,500. The index formed a bearish engulfing candlestick pattern, signaling caution. Key resistance lies at 23,500-23,600, while immediate support is at 23,286. A decisive breakout or breakdown will determine the near-term trend.