Indian benchmark indices continued their losing streak for the fifth consecutive day, dragged down by lackluster Q2 earnings and persistent foreign outflows. The decline was led by private lender IndusInd Bank, which reported its Q2 earnings on Thursday. RIL and HDFC Bank also contributed to the drop in indices.Decoding the charts, analyst Jatin Gedia of Sharekhan noted that the trend remains negative for the Nifty. "On the daily charts, we can observe that the Nifty has resumed its fall after a one-day pause. It has reached the 24,000–24,050 range, which coincides with psychological support as well as the daily lower Bollinger band, likely restricting a sharp decline from here. The trend remains negative; however, there could be a pullback towards 24,350 toward key hourly moving averages, which should be used as a selling opportunity. On the downside, 24,000 is likely a significant level from a short-term perspective," Gedia said.Here are 5 stock recommendations for Monday: Stock Ideas