Nifty Slips 3rd Day: What's Next for Dec 18? Experts Weigh In

• Nifty closed 41 points lower at 25,818, marking its third consecutive daily decline.
• A 'lower highs and lower lows' pattern indicates persistent short-term selling pressure and a weak trend.
• Experts warn that a decisive break below Nifty's 50-day EMA (25,765) could deepen the correction.
• Key support levels for Nifty are 25,700-25,650, with resistance at 25,950-26,000.
• Rupee strengthened by 65 paise against the dollar, breaking a five-session losing streak, possibly due to RBI intervention.

Why It Matters: Nifty's weak trend continues; experts predict further correction if key support levels are breached.