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After showing a sustainable up move in the last few weeks, Nifty witnessed sharp profit booking on Monday and closed the day lower by 368 points. After opening with a downside gap of 110 points, Nifty slipped into further weakness in the early to mid-part of the session. There was no significant upside recovery for the day and Nifty closed near the lows.A long bear candle was formed on the daily chart with a gap-down opening. Technically, this chart pattern is indicating a bearish reversal type candle pattern (a type of bearish evening star- not a classical one). This market action is also signalling a short-term top reversal action for the Nifty, expect for some more weakness in the coming sessions, said Nagaraj Shetti of HDFC Securities.In the open interest (OI) data, the highest OI on the call side was observed at 26,000 and 26,200 strike prices, while on the put side, the highest OI was at 25,800 strike price followed by 25,700.What should traders do? Here’s what analysts said:Rupak De, LKP SecuritiesThe Nifty slipped sharply following a brief pause in the previous trading session, breaking below its recent consolidation. This decline was accompanied by a significant negative divergence in the RSI (14), indicating potential further weakness. Sentiment may remain weak in the near term, with support placed at 25,750. A break below 25,750 could lead to further correction. On the higher side, resistance is seen at 26,000Hrishikesh Yedve, Asit C Mehta Investment InterrmediatesTechnically, on the daily chart, the index formed a red candle and closed below the crucial support level of 26,000, indicating weakness. On the downside, the index will find strong support near its 21-DEMA, placed around 25,540, followed by 25,350. As long as the Nifty remains below 26,000, further weakness will be anticipated. As a result, a short-term "sell on rise" approach is recommended.Tejas Shah, JM Financial & BlinkXTechnically, the Nifty closed below the level of 26,000 which has been acting as a minor support for the last couple of days. While this is a negative development it’s not something that opens a big downside. The index should now find support around the next major support zone of 25,650-700 and there is a strong possibility that the bulls will put in a fight here. Support for Nifty is now seen at 25,650-700 and 25,450-500. On the higher side, immediate psychological resistance is at 26,000 levels and the next resistance zone is at 26,125-150 levels. Overall, it would be interesting to see whether or not follow up selling occurs in today’s trading session.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Kanpur: India's stalwart batter Virat Kohli etched his name in the history books by becoming the fastest player to cross the 27,000 international run mark on Day 4 of the second Test against Bangladesh in Kanpur. He surpassed 'Master Blaster' Sachin Tendulkar's record as he raced to the elusive feat with elegance on a sunny day in Kanpur on Monday. Kohli achieved the feat in 594 innings, 29 less than the batting maestro. During his illustrious career, Sachin slammed 27,000 international runs in 623 innings.Sri Lanka's decorated wicketkeeper batter Kumar Sangakkara achieved the feat in 648 innings. Australia's celebrated skipper Ricky Ponting amassed 27,000 international runs in 650 innings. As Kohli continued to pull off his effortless drives and eye-catching stroke play, he looked destined for an extended stay on the crease. But his attempt to play across the line led to his downfall. Shakib Al Hasan's ball kept low and sneaked past the wide gap between Kohli's bat and pad. After hitting the historic milestone, Kohli walked back for a score of 47(35). Kohli now boasts 27,012 international runs, the fastest by any player in the history of cricket. With more than two days of play washed out by rain, India showed aggressive intent moments after bowling out Bangladesh on 233. After witnessing two days of rain, the people in Kanpur witnessed boundaries pelting down relentlessly. The mayhem of boundaries in Kanpur was started by Yashasvi Jaiswal and skipper Rohit Sharma. The quickfire stand of 55 runs between the opening duo ended in 3.5 overs, with spinner Mehidy Hasan Miraz cleaning up Rohit for a quickfire 23 in 11 balls, with a sole four and three sixes.During Rohit's dismissal, the scoring rate of these two was 14.34 runs per over, the highest scoring rate in a Test partnership with a minimum of 50 runs, outdoing the England duo of Ben Stokes and Ben Duckett, who stitched a stand of 87 in just 44 balls against the West Indies at Edgbaston this year, scoring at a rate of 11.86 runs per over. Even after Rohit was dismissed, the protective, anchor-like approach of Shubman Gill provided Jaiswal with a safety net to go even harder at bowlers, helping India reach the hundred-run mark in just 10.1 overs, outdoing the team's record of registering the milestone in 12.2 overs against the West Indies just last year.