Benchmark indices ended on a negative note on Friday amid heightened volatility. Nifty in a weekly chart formed a bearish candlestick pattern with a lower high and a lower low and a long lower shadow. Going ahead, analysts say a failure to move above the breakdown area of 23,800-24,000, will keep the bias corrective and can lead to testing of the support area of 23,200-23,000. While a move above the breakdown area will signal pause in the downtrend and open pullback towards 24,500-24,600 levels being the high of April 2026.STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a negative startGIFT Nifty on the NSE IX traded lower by 137 points, or 0.58 per cent, at 23,525, signaling that Dalal Street was headed for a negative start on Monday.Tech View: In the near term, the index may witness renewed selling pressure once Nifty falls below 23500. On the downside, a breach below 23500 could drag the index towards 23150 and possibly lower levels. On the upside, 23800 is expected to continue acting as a key short-term point of polarity.India VIX: India VIX, which is a measure of the fear in the markets, rose 0.2% to settle at 18.79 levels.Asian shares slipAsian shares fell as much as 1.1%, before paring losses, as South Korean stocks neared a correction. Futures on the S&P 500 Index fell 0.5% after the underlying gauge declined more than 1% on Friday as inflation concerns sent bond yields sharply higher. The dollar, the haven of choice during the Middle East conflict, held its gains after its best week since early March.S&P 500 futures fell 0.6% as of 9:42 a.m. Tokyo timeHang Seng futures fell 0.3%Japan’s Topix fell 0.8%Australia’s S&P/ASX 200 fell 0.9%Euro Stoxx 50 futures fell 0.6%US stocks end lower U.S. stocks pulled back from their AI-driven record highs on Friday as a sharp surge in crude oil prices stoked fears of rising global inflation.Oil extend gains Oil prices extended gains on Monday as efforts to end the U.S.-Israeli war on Iran appeared to have stalled, after a nuclear power plant in the United Arab Emirates came under attack and as U.S. President Donald Trump is expected to discuss military options on Iran.Stocks in F&O ban todaySAILKaynesSecurities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.FII/DII actionForeign portfolio investors net bought shares worth Rs 1,329 crore on Friday. DIIs, meanwhile, were net sellers at Rs 1959 crore.RupeeThe rupee slipped below the crucial 96 mark in intraday trade on Friday, pressured by elevated crude oil prices, a strong dollar and hawkish comments from US policy makers.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)